The rates for a purchase money loan (one where you take the loan out to directly acquire the property) vs when you do a "cash out refinance", which your loan would be if you chose to pay off the line with a loan on the primary residence, it typically done at a higher rate.

Getting those properties for pennies on the dollar, renovating them so they can withstand another 100 years, and fully furnishing them at a 30 day minimum is giving off some solid cash flow!

Cash flow, long-term appreciation?

My fathers trust stipulates to "divide or distribute property in cash or in kind or partly each"   I am going to take my interest in the property as 1/3 of the property and will be buying my siblings 2/3 interest in the home from the trust.   

Share your thoughts, experiences, or even strategies in the comments section below; then let's get this conversation rolling and make a lot of cash registers ring too!

While there are many advantages like low property taxes, landlord friendly, strong appreciation it's not going to be as cheap as the Midwest and have the cash flow with 25% down.

@Kevin McKittrick Well in my opinion an electrical upgrade should be paid for by the owner of the property.

They also like cash buyers, an easy way to move properties.

@Kyle Smith- do you have the cash to be able to do this ?   

@Phillip Rosin - Based on the info you provided, I recommend that you start with a Fix to Rent short term loan to purchase the property and rehab it, followed by a cash out refinance into our DSCR loan.