Would this be in violation of the loan? The loan was originally based on long term rental value. My tenant has vacated and there is a new hospital nearby providing a good opportunity to do medium to short term rentals. 

Mostly in index funds.$2M in, at this future time, lightly levered RE.Supposing this is close to what you’d love, one could spit out a financial plan that looked something like the following:- Max HSA- Max 401(k)Use leftovers to go on a shopping spree buying RE at relatively low leverage, potentially on 15 year mortgages, in local LCOL area (which probably also means a relatively reasonable cash flow market)Obviously I’m making a ton of assumptions here and will be wrong in ten places.

Think about going to see there office most lenders do the appraisal and when its done they charge you .. they dont have you send the money up front.. but maybe some do.but worse case scenario if they don't fund your only out 950.00 but many do this and also have non refundable EM thinking the deal is going to close and they lose that as well. that's why reputable lenders are very important to keep you from losing 1 to 5k on a fake lender or more  and again I have no clue about this company.. just say in  how the fake lenders operate and what your risks are 

However, we are worried about losing our "investment" and such a low interest rate.We purchased a Trendmaker home west of Houston in Katy, in 2020 with 10% down at 3.3% interest for $319,000.  

If they pay out my equity at lease signing, can I 1031 exchange those funds into a new property even though I technically still own the building and will for a while?

I am looking to buy a house hack in Wichita Kansas, but the inventory is so LOW, and nothing seems to make sense.

However just know that you wont be eligible for most residential loans if you decide to put it under an LLC assuming your needing funding.

I'm going to make a separate savings until I have the extra funds to invest into it. 

this is largely because we have crazy low vacancy rate.  

Quote from @Carlos Lissimore: I can assist you with some questions that need to be answered such as credit score, experience, And do he has down pay when are you and your client free to chat so we can get to the closing table feel free to message so we can continue We are looking into sb684 and fee simple lot splits and funding for acquiring and construction.