There is new hvac and some upgrades done to the assistant living facility , it’s just the person who owned the place passed and the family doesn’t want to continue running it.

See if they can run the cutter through there and clean it out.

This must be communicated up front because there are some lenders who have overlays.You can also buy the new primary after you take the cash out and use a DSCR loan program to buy another investment if you are worried about DTI as well.

I am sure there are qualified people to train you, but I would warn you to have anything Pace Morby or anyone else teaches reviewed by your attorney.  

Lots of creative ways to collaborate there.

If the second property you are buying is not turnkey, will require some work, and there is a clear value/range of what you can bring the property to by adding value then you can refinance to pay back the majority if not all of your HELOC (used for downpayment or to buy the property completely).You'll need to know how to analyze an after repair value of the property to figure out if that technique can work or not.

Are there any condos where the HOA allows short term rentals in the galleria or westchase area? 

Hearing firsthand from someone who’s been there will give you a much clearer picture.

It can be a real balancing act.If you go the full MTR, reach out to the school and make sure they know you have a nice place for visiting professors, doctors, nurses etc who are there for an extended stay. 20k is a decent sized school so you might be able to fill up just on that.

Still not 100% certain there is no damage to any of them, but so far it seems all is good.