I am wanting to do an Airbnb and have an opportunity to pretty much gut the house. It's an older 1960's (In Arizona thats an older home) home and I am thinking since I will be stripping it to the bones I would like to...

Shavar Golden"Whatever you do, give your heart to it and stay strong!"

I strongly recommend you sell and dont look back.

After 2 years of investing in Dayton, everything I thought I knew about real estate got a make over.You’re in a strong position with that money.

I hope it’s a good area to buy a mid 5 CAP with a medium amount of time left on (imo) a dying businessIf this doesn’t have strong land value backing it up I’d try to get better pricing.

But I believe @Kevin Korejko does some architectural work in Philadelphia. 

Hey Chris,When it comes to lending you're going to need to understand what you want and where you stand.If your credit is good, income is consistent (2 years), income can support the properties, you have a strong DTI ratio, a strong down payment, good reserves, and finally pay your taxes, usually banks are the best way to go for lending.

I meet the qualifications for an accredited investor and have a strong interest in multi-family in the long term so that leaves me with a lot of options.

Inspecting their house is not an option and rental market is strong here and I will have it rented soon.

Keeping that in mind, many have more equity in their properties and some believe strongly in having zero debt and paying off the mortgages as quickly as possible rather than continuing to buy more properties through refinancing.I have at least 30% equity in every one of my rental properties.