I am trying to think creatively here on how we can generate some income from this to office some of our carrying costs until we find the right buyer...hence the billboard idea.Here is a little about he location:- Back of property has clear visibility from major state route with INDOT listed traffic counts of 12 to 20k cars / day- Property is located on a slight curve, so cars traveling north will get prime exposure (though this may prevent having usable space for southbound traffic)- No billboards in the immediate area with tons of major retails present (i.e. tractor supply, Holiday Inn, Menards, etc.)So in addition to checking the City / State to see if I could obtain a permit, what other advice / insights do you have?

Seems it would be simpler to just get an equity line of credit (like a HELOC but for rentals) for 80 LTV or so on the free and clear property and use that to fund the down payments as you need to fund them.

TX also has somewhat unusual rules on HELOCs, as I recall. 

Of course you need to make a proper purchase to insure not losing out.One of the best strategies for this process is simple getting a HELOC (Home Equity Line of Credit).

Refinance at 4%, 20yrs fixed with a HELOC up to 80% LTV with a 4.5% rate2.

In most cases they are literally begging me to do an application, they don't care what the rate or cost is, even if it's higher than their current rate, they just want to get away from the company.A family member of mine has a heloc serviced by them.

If you own a home of your own, check into a HELOC.

At least that was the intention, and was able to get a low interest HELOC to finish it with sweat equity after we moved in.

I have used a HELOC several times to offer cash and close fast. 

I own a rental property in Huntsville (SFR) outright and would like to leverage this investment with refinance or HELOC and use this money for the next SFR purchase in Hunstville area.