We ended up going the HELOC route on that property for a few reasons. 1) the interest at the time was only 5%, which although seemed high, didn't matter too much with our potential property showing a 18% ROI 2) we leveraged a second home loan with 10% down for that new property, so our HELOC withdrawal was relatively small compared to what would be needed for a traditional loan on a rental. 3) I dont think I will see the rates in the 2% again in my lifetime, so figured I should hold on to that "free money" instead of selling it. 

I have seen a couple of different ones that span from single family rentals to mobile home parks and commercial real estate such as office buildings, storage builds, etc.

Interior and exterior renovations and improved management plan in order to increase rents closer to market and mitigate expenses.

So once again it’s off-line and I have guest that just checked in and I’m keeping my fingers crossed that they can hang in there until I get home in two days.

Let's say the home is listed at $500k for easy math and homes newly renovated are worth $800k. 

This scenario forecasts a potential 9.85% cash-on-cash return for an all-cash investment.Additionally, with a more extensive renovation, the property's resale value could surge above $200,000.This is just one example, but the above data showcases its potential as an excellent market for single-family home investments.

Always gotta be studying the market, studying your competitors, and improving your homes to exceed the rapidly increasing competition.

Making a larger down payment can improve your loan terms, but keeping some cash reserves is also crucial for unexpected expenses and future investments.

I was looking to buy a home from him last year but he blasted me in an email for looking him up on @biggerpockets  in this post, so I stopped communication. 

Recently sold my Florida home & now live in WI.