Here are the details:Bought in 2015Owes - $45kNeeds additional $20-25k as a down payment on the new house for equity.Rate - 6.125% (Adjustable Rate Mortgage) Max is 8%PITI - roughly $700/monthHouse is in great condition so no rehabAsking $175,000, could sell on market for $220-230kRents - $1400-1600How would one structure this deal?

While the short-term vacation rental unit is rented, a local contact person needs to be available 24 hours per day, seven days per week, to respond within 45 minutes to complaints regarding the condition, operation, or conduct of occupants of the short-term vacation rental unit or their guests. 

On the other hand, repairing and holding could increase the property's value, improve rental income, and contribute to long-term wealth building.

Increase leverage on your Construction Financing for your new builds.

Some believe this increase home prices significantly.

We have tried various marketing methods and our focus has been on Direct Mail and SMS texting.However even though we are getting some calls, all the properties are not stressed or needing work so we can get a low enough price to be able to wholesale.So we are starting to believe the best way to increase our success in finding wholesale is "driving for $'s where you obviously find distressed properties because you are literally looking at them and then we can focus our time and effort on finding the owners. 

While I can’t speak to Albany market conditions, I can help with some of the initial process.

Rent in this market is predicted to continue to increaseOther option would be to Flip and Sell, but I speculate the market could really increase if I rent for 2-3 years before selling (including option of seller finance)thanks for the help!!

Look for properties that require minor renovations or improvements to increase rental income and property value.

Did you increase the property tax basis to the new acquisition value?