There are also "soft" second loans which are deferred until/unless you sell the house.

Sample Contract Language: "“[Buyer/Seller] hereby acknowledges that it is the intent of the[Buyer/Seller] to affect a §1031 tax-deferred exchange.

Not only will I present the clearest analysis of the deal, but I will negotiate the best price at the same time presenting my buyer in the best light as the story of the deal is as important as the numbers from initial offering, due diligence, through closing.

@Forrest Faulconer The logic you present for low housing inventory being fault of Boomers.... well first off it's just so mind-bendingly bonkers insane.... but playing into it that same twisted logic can ALSO justify it is the fault of Millennials, because if millennials would just keep renting and stop buying homes everything would be just fine for the rest of us. 

You can always be your own gc/builder in Texas btw but you need a very good roster of subs as good folks are in high demand presently. 

I bought it from an uncle in early 2016 for 104K and it rents presently for 1275/month (the rents are undervalued but I have a resourceful tenant who does a lot of property repairs an upkeep on the property without charging me).The time has come for us to purchase our second rental.

It was purchased for 120k and I’m told the refi would appraise it at around 230k.I know I can go to a bank to maybe do a credit line , but again I’m completely new to investing and presenting something like this to a bank.

(Here I would ask a big open-ended question like, "What can you tell me about the property, etc" .. but always end with a question, that's how your steer the conversation always end with a question) That's my experience to start a cold call conversation, and move past that objection- and the owner not wanting to build rapport. move forward, depending on the personality type, any opportunity presented, when the homeowner leaves off the main topic line, never interrupt, that is your chance to start to build rapport, and get to know him/her, and talk about non-property issues/ topics.

You might have a brand new home with very little CAPEX compared to an old home with stronger rents but huge amounts of deferred maintenance.

What deferred maintenance is there?