Wanting to explore other options or find out other financial strategies for trying to build a detached home on our lot without having to refinance out of our 2.75 interest rate with a cash out or doing a HELOC.

This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.

That does seem like the most straight forward option.

@Zach Ragle I have a few contact closer to Grove that are solid,  if you ever need some other options. 

I'm sure there are tons of options to choose from. 

Start sourcing deals and become a deal magnet.That's one option.....I'm sure there are many.Find out who the big players in your town are. 

I would recommend making sure that you understand your financing options as well.

Hello any major difference between guesty, Lodgify and hospitable(once they have their direct booking option)?

Trying to keep things as simple and as much data/admin work as centrally located as possible.Any feedback about either/both platforms is appreciated!

Save for a down payment, check credit, reduce debt, research real estate investing options, build a network, conduct property analysis, make the purchase, negotiate a mortgage, manage the property, consider long-term strategies, create a savings plan, and connect with experienced investors.Good luck!