Personally I would rather have the $260k now and invest it and get 8-9% than $100k now and get 6.75% over the next 30 years which is taxed as ordinary income...

Purchase price: $116,000 Cash invested: $25,000 Personal home that will become a rental once fixed and updated or will be used for HELOC to purchase other properties on/off market at that time.

-Can anyone share their personal experiences investing in these areas ? 

(This is obviously a simplification; one must consider risk, personal comfort, ability to manage, etc.).The wealth builder should always consider selling or trading his property for a property that will increase his net worth FASTER.  

I'm reducing the footprint and repricing.... finally a smart person. our floorplan for each unit we build is 668 sq ft and 2 beds for that exact same reason. people that Aren't in cheap markets don't understand. in columbus we face appraisal issues if we don't keep it as small as possible. 

I would recommend reaching out to a few to get a better handle of your options.

Person B is the money-partner - will put up 100% of cash for the deal (ie. no financing).

Our personal house in a really nice neighborhood has actually appreciated less on a percentage basis than some of our cheaper rental properties in the same amount of time. 

I don't recommend you bid on any as a new person.

It also stays off of your personal credit/DTI which will help you as you live your life outside of these properties.Those will be a specific set of lenders that you will want to look into as many of them have different requirements that you would have to adhere to, but overall much more of a simpler process than your conventional lenders, while being a couple of points higher in processing.