Also down payment required may be higher based off experience.

Do you have a large down payment now or a small down payment?

I'd like to get into the multi-family space but will obviously need a larger amount of money to get a 20% down-payment for a more expensive property.

Talk with a qualified attorney.I wish I had the money to do this, but unfortunately I'm not in any better position myself, although I have the equity, I don't have the income to support any further financial obligations, otherwise I'd just make the cc payments for her.

On the east side, in Redmond, we are currently living in a property worth probably 1.6 with about 600K outstanding - and a monthly payment of about 4K including mortgage, insurance, property taxes etc.Looking to leave the area.Does it make sense to rent it out given that I’ll probably get 4K in rent?

Lawyer has been paid, Architect already has a down payment in which he created some plans already.

Should I pull out a HELOC in order to pay for the renovations, then use my personal savings for the down payment and renovations on the next property?

However, after doing the math on the 3% down payment, I would no longer cash flow.

I need to put down 60k for my down payment.

Every market has good and bad areas so be warey.When considering ROI on single family vs. multi, the multi will provide you with revenue to offset your house payment while you're living there.