Each of us are unique as individuals with different priorities, different risk tolerances, different bank balances, different partners, different time horizons, ... 

What is your risk tolerance?  

This strategy requires significant upfront capital, expertise, and a high risk tolerance. 

Just be aware and know your risk tolerance.

Depending on your tolerance level, you can buy properties for literally almost nothing in Memphis.

@Danny Valle When you pay off a HELOC it depends on your personal risk tolerance.

You nor they can assume improper conduct or noise until it occurs and then, a baby or child crying is something people on the face of the earth tolerate, even in a 55 and older community as they may have a guest!

Here are some considerations for each option:Option 1: Refinance immediately after rehab and renting it out to a tenantPros:Higher LTV (up to 80% of purchase price plus rehab costs) could potentially provide you with more cash to invest in other opportunities.You can lock in current interest rates, which might be lower than what they could be in the future.Cons:It might be more challenging to find a tenant quickly, and you'll need to consider potential vacancy periods.If the property doesn't appraise as expected or if there are unforeseen issues, it could affect your refinancing terms.Option 2: Wait for the 6-month seasoning period and get up to 75% LTV of the ARVPros:Waiting for the seasoning period allows you to potentially access a higher LTV based on the after-repair value, which could result in more favorable financing terms.You'll have more time to ensure the property is in optimal condition and potentially command higher rents.Cons:You might miss out on current interest rates if they do increase significantly.There's a waiting period, during which you won't be able to access the potential refinancing benefits.Ultimately, you'll need to weigh these pros and cons based on your individual circumstances and risk tolerance.

The multi-family unit in Charlotte is more conservative, offering a steady income and a great learning opportunity in the field of real estate.Since real estate investment is as much about numbers as it is about personal goals and comfort levels, consider what aligns best with your long-term objectives and risk tolerance.

We find it works for us in the summer season but it depends on your risk tolerance as pets can significantly damage your property.