Combining the equity with a loan will maximize your buying power and your ROI.  

@Daniel OKeefe Based on the responses in this discussion, it looks like an appraiser would use a combination of appraisal approaches to determine the value.

Likely a combination of several...  

This is where an experienced mortgage broker/lender could really come in handy for you as a partner because they'll know what the perfect loan is for the asset, because each asset is unique.

Will you buy and hold, flip, wholesale, or a combination of all of these.In Maine, you do not need a license to engage in any of these activities.  

In this post, please write about a unique method you have used or have heard about to finance a deal.  

Click on Connect and write a unique message to send your colleague request so it gets a high chance of getting accepted.  

I am new so maybe I am being stupid, I don't understand why all these things can not be combined into one nice little package (and if no one is doing that right now I think I see a business opportunity for a few of us) Here is the big picture the way I see it, as long as a goal is reasonable there is no reason why it can not be accomplished by you as long as you do the same  things in the same way other people have done who got what you want before you. 

At the time, it rented for $2300 (both sides combined) on PITI of $1550.

My client wanted to put the floorplan back to a shotgun as unique as that sounds.