I want to get a loan for $260,000 to pay off my line of credit.

Know someone that has purchased tax liens.

As a background, I have a well-paying job and am not in immediate need of cash.

Expect to put 30-40% down on the property and then consult a self-directed IRA specialist to make sure you understand all the nuances of how to manage the property and pay for repairs. 

I say give it a whirl and see if folks are willing to pay for your course.

Lower leverage, higher rates, you will be required to pay for a commercial narrative report instead of a standard 1025 investment property appraisal.

I know it is landlord friendly, low tax rates, affordable... 

I am debating on taking a 2nd mortgage out or paying in cash to fix it.

@Kyle MasonTo increase your loan amount, consider strategies like increasing rental income, co-signing with a co-signer, using portfolio loans, negotiating seller financing, down payment assistance programs, paying down debt, and considering alternative loan products like DSCR loans, non-QM loans, and bridge loans.

To pay something off or to buy a property?