Quote from @Joaquin Camarasa: I am originally from Valencia, Spain.

I would like to purchase another property so I looked into a heloc and a cash out refinance and it looks like I would qualify for about 75000 max which would be enough to put a down payment on another property and rehab it, but I still haven’t paid myself back from the original property rehab.

Great area to buy in, house was all original 1978 brick ranch.

I'm originally from Kentucky and moved to Palm Beach County to pursue real estate full time.

The main reason I ask is because that is significantly below primary residence mortgage rates let alone any investment loans, if you can get rates like that I might need to make some changes on my end hahahTo answer your original question, assuming all else is equal long-term fixed rate debt is valuable. 

If you sell your property, the tax basis (original cost) of the property for the giver becomes the tax basis for the recipient.

My original loan amount is $323K, balance left $319K at 7% and 28 yrs and 8 months left.

:Originally posted by @Andy N.

@Stacie TellesMost lenders have a seasoning period (typically 6-12 months since the original loan), so check with your current bank or shop around for others.I would also watch out for prepayment penalties on your current loan.

i understand a true duplex might be a lot more expensive, but i think it's at least worth continuing to research and keeping an eye on.and sticking to my original point, OOS can be tough.