I have a home that I bought for 600K+ about 38K closing costs, interest 2.875%, I've owned it 3 years and owe 220K on it.

We are at likely record high price to rent ratios (like much of the country) without much upside on rent growth in the mid-term paired with steeply rising taxes, financing, and insurance costs.

I'll be asking the tax office tomorrow as well when I go to research the properties, and anyone who will give me the time of day at the auction - even if it costs me buying their lunch and a couple drinks😂.And with regard to the rules/law, that's what predicated my initial question, it's so simple and clear I assumed I must be misunderstanding (quite the paradox). 

Partner Driven financed the Powder Branch Rd deal using its own capital, covering the $165,000 purchase price and $35,619 in renovation costs.

As is an all but universal truth in investing, there is a cost to lowering risk exposure, a cost to returns. 

Partner Driven financed the Oak St deal using its own capital, covering the $275,000 purchase price and $67,150 in renovation costs.

I'm not sure what else to do, but we have a month before the new tenant moves in and we'd like to get something done that is cost effective (not tearing out the ceiling again :).

The cost is at least a big part of it.

But I do know that people often spend thousands on a beach house for the week, and depending on its proximity to the water, will pay even more. 

Partner Driven financed the Beaugard Cove deal using its own capital, covering the $142,000 purchase price and $40,000 in renovation costs.