If you've owned it for at least a year, you can go the conventional route or something like a DSCR loan.

I think both a HELOC and a hard money loan are really something you should consider a bridge financing mechanism.

If you were going to do something cool with that floor space like make space for weights, yoga, meditation or something of that nature it could be a good use and a reason to then go with a daybed, but you'd need to know that that is something your ideal guest avatar is looking for. 

Maybe invest a little in a REIT or something with limited risk.

Quote from @Jesse LeBlanc: @Jay Hinrichs I didn't know about Oregon, thank you for bringing that up.I am also pushing more wholesalers to "wholetail" their deals or keep them when something makes sense! 

The tenant scheduled a ACH payment in the system and the system marked it as paid or pending or something like that in my view.

Great response and something I think most people dont consider.

Do you need a max LTV cashout on the $200k property to purchase something else?

Hi Diana, The seller’s offer sounds quite generous and shows a lot of good faith, which isn't something you see every day.

It is something I wouldn't use personally.