$X dollars per month will earn $Y amount of equity annually and over the remaining life of the loan.  

In total you will have to pay 45k to get the 355k to rebuild your house--(10% penalty) 40k + 1k (deductible) + 4k (remaining difference balance) to activate a 355k dispersal = 400k balance for construction.  

Yes I definitely don't want to get overwhelmed by information and just remain at a standstill.  

I'm also interested in hearing about the 9k purchase price rehab. did it remain a rental or flip?

I also have my primary home that I just built two years ago but would like to leave that out of the equation.My question is about the best way to acquire the money to start investing.Currently Navy Federal offers the following equity options:Fixed-Rate Equity Loan0.25% rate discount with automatic paymentsClosing cost creditsRepayment term up to 20 yearsBorrow up to 100% of the property valueInterest-Only Fixed-Rate Equity Loan0.25% rate discount with automatic paymentsClosing cost credits20-year termBorrow up to 80% of the property valueFixed rate for the life of the loanHome Equity Line of Credit0.25% rate discount with automatic paymentsClosing cost creditsCredit line remains open for 20 yearsBorrow up to 95% of the property valueInterest-Only Home Equity Line of Credit0.25% rate discount with automatic paymentsClosing cost creditsCredit line remains open for 20 yearsBorrow up to 80% of the property valueFor all of you seasoned investors out there, what method would you go with and why?

I only focus on medium and large multi-family properties for my business; however, I'd rather house hack then remain in a SFR, for obvious reasons, so I am new at this part!

This partner has invested all over the nation but said Dallas was the most resilient economy during the last downturn and remains so.  

@Bryce Davis Buying it from the owners is like any other sale.....any mtg.s or liens remain attached to the property.  

The rules don't take effect for 6 months, but the message is clear.Cities want their hotel tax revenue.Cities don't want those big bad real estate investors to make too much money.Cities don't want rental inventory disappearing from the market.Don't make a highly leveraged 25 year financial commitment on the assumption that current market conditions will remain the same.I stay away from things that the general public get into and it seems everyone wants to rent out an extra room or home.

I would assume that by having a contract ready-to-go I decrease the time the property will remain vacant, potentially saving me some cash .