I would encourage you to reach out to a mortgage lender and discuss your options through either a cash out refinance or a home equity line of credit (heloc).

I'd encourage you to be as active in the RE program as possible.

Hi Sean, thank you for welcoming me to the forums and your words of encouragement!

We encourage those with bank accounts to consider setting up "bill pay" with their bank to automate on-time payments.

Thanks for all the encouragement, everyone.

@Ugin Rapoport Hey man, hotel condos are a tricky thing (i wouldn't recommend it the people caking are the owners of the whole project and one of there easiest incentives is offering financing themselves to you)So usually due to there desirable locations they are wayyy over priced....on top of that the HOA fees become very heavy if you are not able to rent it out and are subject to rising if the hotel adds amenities or anything of that such and of course not living there (gotta account for vacancy), Secondly the hotel is usually almost ALWAYS selling units (the ones that i've seen in miami and orlando) so when you eventually want to sell you end up competing with them and most likely wont win because customers looking for that type of property aren't in abundance (the fees push most ppl) If you are looking for perhaps at minimal result with next to nothing effort of results of around 2% annually then maybe its alright but other then that....i totally would not encourage (Just my opinion so dont hate me for it lol)

Thanks for the encouragement "do something every day that will impact your REI life"!  

I encourage you to take advantage of all that Bigger Pockets has to offer (podcasts, webinars, networking, forums).  

As the rest of this year marches on I am going to be posting updates here for encouragement and accountability.

So obviously, my own personal 2cents would encourage you to look at job growth and population growth and types of industries/employers in the area, but also the property tax rate, because even a fantastic growing and "emerging" area can prove to be not-so-lucrative as a result of high tax rates.