Some HML in ohio might be able to lend you both the purchase and rehab.

Your note would be $650k so you’d be receiving $45,500 in interest annually initially, and paying out $13,500, so net to you is $32,000 annually in interest.  

Would also love to connect with some local real estate agents in the area who own some real estate themselves.

I would simply use a percentage.

It would be extremely unwise to buy in st louis without personally visiting the property. 

I know this is more of an investing forum, but I figured I'd reach out and see if members with an investing background would provide advice.We're preparing to purchase a vacation property in North Myrtle Beach.

DECISIONS:  Will there be a majority owner? 

I don't want to be insensitive. 

Nothing is owed on the inherited property.My question is, with the costs of building new still relatively high, would it be better to subdivide and build on the current property or use the equity of the inherited property to buy another separate income property?

I've read the J-boxes also need to be sealed somehow but I'm not sure how.