Here is the summary of my situation that requires creative thought:Location: DC Suburbs (Clifton, VA)Original sale price: $300KOriginal mortgage: $240K ($60K down)Money spent rehabbing property since 2008: $70KTotal cash invested: $130KCurrent sale price (based on comps): $430KAmount owed on mortgage: $208KPotential cash generated from sale: $($222K, not including transfer costs)Estimated Monthly Rent: $2,200Current Monthly Payment for M/T/I: $1,300 *Biggest yard and likely one of the most updated homes in a desirable community where "average days to sell" is less than 14.Now the issues:Need $100K-$150K out of the house (or via investment) in order to put down-payment on next home, which will be primary residence (probably a $600K home).I've plugged numbers into every rent-or-sell calculator out there, but always feel like I'm missing something big.

They will happily throw you under the bus to make them look good, by turning you down.I have a client right now and Newport Beach, California, with $45,000,000 cash liquid in Wells Fargo bank and can't qualify for a $200 secured card with capital one because a series of incorrectly reported mortgage issues (that I will get deleted).

It should be as simple as preparing, executing, and recording an Assignment of Mortgage from the current LLC to the new LLC.

If you want my opinion on the subject story: I prefer tenants with children - they less likely to move around, more settled and if they stay for 5-7 years, they will pay off your mortgage.

I'm north of Boston in Massachusetts which is a very competitive market, and am open to single families, multis, or condos that I can rent for more than the mortgage for a 15 year loan.

Use the Rental amount to pay for the mortgage and the equity line of credit.Appreciate any comments/advise.Thank you,

I would like to buy a multifamily in the future, to house hack possibly, as soon as I fulfill my primary residence clause in my mortgage contract.Now for the questions.What would be the wisest way to set myself up as far as collecting rents, deposits, utilities?

Mortgage as second home?

First property and first mortgage, is 4.125 average or should I have shopped around?

Both were purchased with a conventional mortgage (same lender) a little over two years ago and are privately-owned (no LLC).I'd like to leverage as much of the equity as possible in order to buy a new property.