Is this a good idea?

It almost seems like it would be a better idea to do the $200k and take out a HELOC for the rehab.Thank you!

So here is my Idea, maybe someone can tell me if it is a good one, or not.I have a MTG on my current home, we have approx 40k in equity.

Proper maintenance, safety guidelines, and ensuring compliance with local laws are crucial.

I have a few seller finance deals that I am currently rehabing and was wondering if anyone had any creative ideas of pulling the renovation money out while still keeping the seller financing loan since they are 0-3% in place. 

@David Lee Hall, III good idea, I will do that.

I like the idea of renting if you can keep it low cost.

@James Wise my biggest concern is for new buyers who have no idea what they’re doing.

Google maps gives you a very good idea if it is a family oriented & well kept neighborhood. 

I love the idea of being able to do either STR or LTR with the same property if you ever want to switch.