Personally If these rules keep investors out or financial trouble, I think they are very worthwhile.

With a loan I took against my retirement savings, I have the cash for 25% down and then some, but I'm hoping I'll have some financing options based on the work that needs to go into the place.

But even a couple rental properties have the potential to change the financial trajectory of your life.

Since it is vacant, this would probably work best with a conventional loan, and the proceeds would be used to pay for the reno + buyout. 

This had 1031 written all over it until the end where you can't get a loan.

Real estate is more than a passion; it's a path toward financial freedom that I believe many of us share.Whether it's tips about specific areas, insights into pursuing wealth through real estate, or simply a friendly chat about San Antonio's culture, I'm all ears.Looking forward to building friendships, learning from you all, and growing together.Cheers, Eddie

Is there any type of conventional/portfolio loan I can pursue?

I’ve requested financial statements, tax history, utility costs, and information on the property management company.

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

10% down vacation home loan How did you add value to the deal?