hundred plus thousand already spent to get it to the state it was in .. so to me that was value and this particular individual is very tied into the development community in our area..

It still allows you to continue purchasing properties, but you will not be able to continue the process indefinitely because at some point, all of your cash will be tied up in your properties.

The boat being launched has to be registered in the home owners name and tied to the home in the woods. 

During the housing collapse there were still markets that went up in value because demand and population growth were stronger forces than the national economy.As long as incomes continue to rise, and as long as inflation exists, real estate prices will continue to rise.

After you've owned it for six months, it's not automatically tied to your purchase price.The appraiser will of course see your purchase price and consider it a data point among many, but it will not be an automatic thing like it will be at the point of purchase and within six months. 

So, I don't mind using it for a short term project, but would be reluctant to tie it up for longer than a year due to the interest rate uncertainty (Although the Fed Reserve Chairman recently mentioned that they are not planning on raising interest rates anymore this year). 

. - So we have 3 separate sets of documentation that ties this all up: seller disclosures, appraisal, and the paperwork from this re-remediation. - By this point wifey is in the tail end of her 3rd trimester, obviously no one is moving anywhere at this point except onto a hospital bed once in labor.- They rent out House A to cover the mortgage, 12 month lease. - Wife has baby, apartment too small, no fault evictions in Oakland are a pain in the butt.- They purchased another home with an owner occupant loan and 5% down a few months after closing on their first, about a half mile away (job transfer to other side of the country = that exception is granted on a routine basis, it being the exact same neighborhood makes this unusual).- Underwriter would have been within reason to ask for a birth certificate to line the date of that up with the rest, but in this case elected not to.Note the unusual circumstances surrounding this.

As a beginner, it would probably just be easiest to get an unsecured LOC tied to your own income and credit, possibly having credit card with 0% APR for the first year as a backup if you are looking to BRRRR.

I would also consider financing myself, this will allow you to buy more rental properties and not have your cash tied up into one...Here is what I would look for in a market to make sure that you are getting a good amount if cash flow and having  a postive investing experience! 

I feel like the more investors that come into Augusta, the stronger the market will become improving the area and making it overall more desirable.I think it's a win/win.