So, probably  it makes more sense selling my house and using equity to pay off my instate rental and move into it?

if the taxes are delinquent this would make sense though.Overall looking for input and things I can do to get this deal to move and work as well as feed back or things to find out before moving forward.ThanksView report*This link comes directly from our calculators, based on information input by the member who posted.

Hope that all makes senses, I hate taxes lol.

My I would like to put the least down possible and still have it make sense.

There isn't a form or form letter that I have found that makes sense in all situations... it's more of a packet. 

I do not think that investing in real estate makes sense unless you are willing to do this.

If that makes sense.

@Sean Madden I've been looking at Fort Wayne property for few months now, but I haven't found anything that makes sense number-wise yet. 

A wise mentor of mine said “turn your house into the bank” and so if you borrow against your property, to then buy another property, in a sense the bank “doesn’t care” because you know have two assets, not just one, they can come after if you default.

With that said our deal was: we would buy the property increase value (we have been able to increase rents and the commercial space wasn't rented at the time, we are about to rent that out) and then refinance, the thought was we could get the initial cash out after increasing the value of the property and repeat (sound familiar) - after which we would be 50/50 partners on the property.To my question - since this is a commercial property, would it make sense and is there value in converting this to a condo, where we could get more favorable terms on the residential units (30-year mortgages and 20% DP) versus the terms we have right now?