I would also counter by saying that the best time to acquire and lock in contracts is during a recession.

I'm brainstorming how to acquire the property with my 1031 escrow funds and, sometime AFTER acquisition, raise equity for the deal that would "take out" most of my equity. 

Looking to acquire a multi-family asset and complete a fix and flip by the end of the year.

Looking to acquire a multi-family asset by the end of the year.

@Connor Kelly Other options :Use first rental property to take a HELOC upon for down payment on next rental property.Use a Hard Money Lender / Different Bank on the right deal to buy all cash loan to cost or with less money down.Partner with another private lender or investor to acquire either all cash, you bring the hustle/muscle and they bring the loan/down.Any other way to get it done that makes sense.

My dilemma is do I put roughly $100,000 to add an addition and sqft that will give me an ARV of $650,000 based off comps 0r Use the LOC to acquire an investment property to either buy and hold or flip?

Recently acquired 4plex unit has a leak from the bathroom, where the tub meet the tile wall.

I am currently studying hard to acquire my real estate license in NY.

We've had properties acquired have illegal tenants, expired leases and even a tenant who built dry wall units inside his apartment then sub-leased them out. 

All the folks who have leveraged themselves to the hilt acquiring property may regret that decision if this virus leads to bigger economic problems.