Run the numbers and think if sacrificing $600/month is worth all of the value of owning another home.

For example, my partner and I acquired a 6-unit for $190k; currently undergoing a $150k rehab and should be worth $410k+ after all is said and done.

It might be a weird time to pick up multifamily rentals since there is a massive apartment complex being built at the moment, but single family should be pretty safe.Also worth mentioning San Antonio is experiencing massive appreciation right now and a portion of that is certain to spill over into the Corpus area based on proximity and a lot of San Antonio residents vacationing there.

That is absolutely horrendous and not worth the investment.

End result:It only costs you $1000 a month to live in a unit worth $1500 a month.

.   ** Remember @Ran Fridman that you are also likely facing recaptured depreciation taxes (25%) and possibly NIIT taxes (+3.8%) on sale, plus state taxes on income (+4.95% for IL). 

But hey, remember, I'm no legal expert, so it's always smart to double-check with someone who knows the ins and outs of property law in your area.

The deciding factor was talking to a neighbor who bought his house for $140k in 1994 and now it’s worth $640k.

But we do have rapport, so I figure it’s worth a try. 

I’m trying to get the ball moving a little faster than what it is and with not being able to cash out or Heloc for another 6 months, im wondering if it would be worth it to go to a hard money lender?