I would do a HELOC, because if you don't want to take the money out you don't have to pay the interest, on a home equity Loan, the full amount is going to be advanced when the loan funds, and you will pay finance charges on the whole amount.We do investment loans on new construction, Typically we can do 60% of the land costs, and up to 100% of the vertical construction, not to exceed 85% of the Costs.Thanks,DustinThe property is free and clear. 

They offered assurances as to their high level of confidence in the applicant, but have provided any other info on the tenant.

Hi, I am actively looking and putting offers for my first rental property, I just saw a townhome that I like from the 70's that needs some rehab, and a few blocks from it there is new development offering same type of units (a bit bigger) 10% more expensive with delivery lead times of 6 months.

Hey Olivia, I started out house hacking as well, feel free to reach out.

I'm ready to sign an offer to purchase on a property that has water in the basement/foundation cracks. 

I am interested in making connections, learning new ideas on how to improve our properties, offering help where I can, and of course, finding more properties. 

Feel free to reach out to discuss your fourplex. 

I would also call the listing agent to see if they are working on any offers, and if they have had any offers.

This will allow you to compare policies, although, from my experience, most companies offer very similar coverage.As for your 2nd question, 2 things I wish I had learned early on:- Explain the benefits of renter's insurance to all tenants and prospective tenants.

With effective management, properties in the right neighborhoods can yield handsome returns, potentially meeting or often exceeding your 7-8% net target.Regarding the most attractive area:Each neighborhood you've mentioned offers unique benefits:Miami Beach: A world-renowned destination with high demand from tourists year-round.