That's going to depend a lot on the mechanicals, if you've got knob and tube, barely working HVAC, and corroded galvanized pipes that's going to eat up a lot of money for little ROI.

That also keeps my nest egg available for buying more stocks.This is not "advice", just commentary on what i do personally.

Hard money interest payments can eat you alive if you're not careful, so I'd recommend getting some more rehab experience under your belt before you use hard money to fund a rehab.So I think that leaves the other two options, buying another ready-to-rent (turnkey) property using the FHA low down payment, or doing a 203K rehab.That's a tougher choice and really depends on your skill and comfort level with rehabs.

Not only would the seller be on the hook for your closing costs, accepting an offer from you would put them at risk of VA-required repairs or eating an appraisal shortfall.Depending on your market and your agent there are ways to mitigate these seller concerns.

You also get to keep the residential mortgage which has generally favorable terms right now and likely will not have a COA/HOA monthly fee which can eat up cash flow

So you may want to keep that in mind.It sounds like you already have a decent nest egg after selling your practice.

If so, that can also eat up a lot of that time difference.

The heat doesn't work properly in the winter (which we managed to get through) but the unit makes some crazy screeching and thumping sounds with the AC running, especially in the middle of the day when it's so hot you can fry an egg on the sidewalk.

Because these fees and points will add up to your holding cost; which just eats are the bottom dollar for the deal.   

Hey BP Community, I’ve listened to a few podcasts recently and an investor was holding onto cash via pulling funds from his HELOC to his bank account (and eat interest) until COVID passes just in case his HELOC limit was reduced due to COVID environment.