I don’t have direct contacts in Burlington, but you might want to try local community banks or credit unions—they often tend to be more flexible with investors and might be more willing to work with you on a LOC.

It was a great investment as he put $10K down on a $25K investment in 1963, paid off the $15K mortgage in 1980, retired, and live off the rental incomes.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Are there no actual owners on BP? 

@Tom Stevenson why not HELOC as small as possible loan on your rental to buy your next rental?

If prices are high and supply is low, it may be worth taking on a major battle.Jon

Cash flow is gravy but don't count  on it.

Lastly, have you tried running the #s to look at long-term appreciation on a unit like this vs. a Single-family or Multi-family property?

All of those factors will guide you on doing a buy down.

Lilburn is along the same lines as what I noted above, your acquisition budget needs to be at least around $300k (maybe high 200s) unless the property is distressed.