@Jessica PerkinsTo make real estate a significant part of your retirement plan, leverage your experience in managing mid-term and short-term rentals, ensure your rental income is well-documented, research local market trends, and explore financing options.

Hello everyone! I'm evaluating a property near Yosemite National Park in California that currently sits on a 40 acre parcel. This property was owned free and clear by the previous owner and they've been operating it a...

What would a  good sized operation(flip/wholesale/LO/ OF)  compensate for sales or Acq Manager position?  

They could offer a decent sized non-refundable EMD if they are POSITIVE they want that house in its current condition.

I own an investment property in Charlotte which is paid off, would a HELOC be an option to fund this build?

Househacking is a great option since there are lots of ways to accomplish that here too.

Considering your goals of paying off construction bills, removing your co-signer, and investing in another property, a cash-out refinance could be a viable option as you would be able to tap into your home's equity.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

There are going to be other options out there.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.