As long as you have good credit and the DTI is low, you should be able to get a conventional with as little as 5% down.Alternatively, you could add value to this house, increase equity, then pursue a cash out refinance and roll the cash into the next primary property.

At the very least it puts you in a much better negotiating position with judgement creditors. 

Looking for advice on whether I should take out the equity, or seek another type of loan.

Interest 9-12 percentAmounts: 225,000.00 to 400,000.00Term: 36 MonthsSecurity Position: 1st PositionPayment Type: Interest OnlyDo you think note investors will be interested in these notes? 

You can easily have a promissory note or lien position that is somewhat secure and all you do is find the people to lend too. 

Loan Terms are 36 months with 1st position security. 

Zillow was always biased toward realtors, but by allowing owners to list their properties on Zillow, Zillow also represented threat to the monopolistic position of the NAR – it was in a way potentially eroding NAR’s stronghold on the market.

One thing I love about the Myrtle Beach area is we can find positive cash flow at nearly all price points. 

You'll end up with more units in the long run and will be able to build equity faster than buying single units. 

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.