In my current company the interest rate is 6%, and a set tiered fee schedule (does not go to your 401k this goes to your 401k provider).Which is better depends on tax brackets and state tax rules.I guess it really comes down to overall cost and which can help you create wealth more quickly.

@Jason JonesI have to step in here and state that a Rollover as Business Startup (ROBS) plan does not align with your situation as you have described it at all.Those plans are for actively running a business, not holding passive income properties.This is a complex and expensive solution, and a great tool for certain situations and significant amounts of capital.  

It might help you to have a pre-qualification letter from a lender and tell them that they to put loaning time and a maximum amount.Regardless of what I had I felt more comfortable with the construction business.  

An appraisal will help you both with inheriting the house and closing the estate and a sale.

Would love to advance to commercial real estate and a lot of buy and holds.

I enjoy doing CMAs, and as long as I am not taken advantage of, I am happy to help.   

I was able to provide photos and a list of comps I'd consider as well as the scope of work and everything to my credit union.

The deal can be structured so that you "the seller" carry back a $90,000 first lien, usually with an 8% interest rate (which you will sell to a note buyer at closing) and a $5,000 second lien, which you will keep and receive monthly payments for.

The deal can be structured so that you "the seller" carry back a $90,000 first lien, usually with an 8% interest rate (which you will sell to a note buyer at closing) and a $5,000 second lien, which you will keep and receive monthly payments for. 

The initial purchase price was $475,000 with a rehab of $160,000 and a 5% down payment of $32,000 for a total mortgage of $603,000.