However, consider:Higher debt and monthly paymentsIncreased personal financial riskPotential need for personal guaranteesAdditional Advice:Conduct thorough due diligence on the property and local marketHave contingency plans for various scenarios (e.g., lower Airbnb income, longer renovation time)Consider professional property management to reduce your workloadEnsure you're compliant with all local laws and regulationsFactor in potential capital gains taxes or other tax implicationsRemember, while the potential returns look attractive, real estate investments always carry risks.

And they were doing well up until recently where they are now -$200/month in cash flow because of insurance costs.

Rudd's post from a month ago as well. 

So my plan is to use the equity in my own home for the downpayment and for the repairs and take out a conventional mortgage for the house itself.

Speaking to a lender that helps you think about future plans and thinking about when/if you may do another refi should help you determine if you should pay points on this refi or not. 

I plan do this with creative financing.

To my Louisianans, as the hurricane approaches I Hope this message finds you well,whether y’all evacuating or staying in place.

The first one appraised well over what we are buying it at!!!

I recently purchased a property that I am planning to build a new home on.

I am open to just selling one as well, the person I was going with backed out but it would be a shared room if only 1 ticket was sold.