You should also consider the Private Lending space as an alternative to this approach, which is a LOT more passive, and can generate exceptional returns with a secured asset as collateral.

I am in the process of selling an older, somewhat run down Victorian-style house. I, of course, want to make the most that I can off the sale and while I am eager to invest in more properties, the town in which I live...

Guests are coming back, and we have alternative solutions for all of our clients and ourselves.

As a side note, I'm a middle market multifamily guy...but talk to owners in my market all the time following the program having great success...managing 100+ doors all on that modelAlways great to have an alternate worst case scenario plan..in case your municipality does away with STRs...If the City of Boca Raton allowed them, I'd acquire way more deals..

Alternatively you can 'condo' the two family into independent units so valuation is higher for the cash out refi as long as you're OK not having a ton of cash flow but more cash in your pocket. 

If you are going to brrr a better alternative is hire a 3rd party home inspector prior to bringing in a pm or paying your gc his final payment and make sure its a good amount for the gc. 

Alternatively, if you're going to have a lot of properties that you need to obtain ownership information for, you might want to consider utilizing a paid service like Property Radar or Property Shark.

Over half (56%) reduced spending so they could service mortgage payments.Since mid-March, or about the time when the lockdowns began, nearly half (47%) of homeowners have explored alternative ways of making money.

Your alternative is to learn the work of fixing decrepit 100-year-old properties yourself, and even then you'll find difficulty hiring reliable helpers to help you with larger jobs.BTW, this is not an advertisement.

They wouldn’t be the first scam tag team in this arena .That said here is an agency to file a complaint with Consumer Financial Protection Bureau https://www.consumerfinance.gov/complaint/they are oversight for any licensed lender.If your “ lender “ was not licensed CFPB would advise you of alternative routes to take.