The equity is actually what you are paying for the property.In this case let's look at the numbers that count,...the current numbers.You have about $500k or more in equity, which is buying you a property that's worth about $700k (I went with the lower PV. 

Here are 3 practical strategies that might help you take your investment business to the next level.1.

Remember most of Pace's minions have limited understanding of this business so you have to take any endorsements with some level of skepticism. 100% true. 

Landlord Locks iCore series locks provide this at an affordable price and with commercial level security.

Meanwhile, the adjacent property with a view of an industrial park will consistently get lower rents. 

Just like bonds & stocks, different properties will have higher & lower risks.

You are generally going to either buy it at 95% of value or what is owed, which ever is lower. 

In a climate like this with high rates, probably better to use a Heloc so you keep the lower rate of your 1st lien.

Just google the following: - special assessment - zombie condos - Florida condos (look for recent news)Since you are not living near the properties anyways, why not look in a landlord friendly state where the purchase prices are lower?

Think I better clarify - this isn't an altruistic attempt to help VRBO 😄, but rather a hope that it might result in a higher overall booking rate if both platforms perform at a high level