That’s the beauty of long term real estate acquisition.  

The beauty and purpose of these loans is exactly what you stated - keep you current mortgages is place, and obtain a 2nd mortgage up to 75% CLTV (1st + 2nd mortgages combined).

However I quickly realized it was impractical as it was far from friends and work I have live here 3 years total but every time I find it peaceful and beautiful but ultimately not worth the extra 15 min drive.

Really you have to work backwards to solve the problem here, and having leased both dated and old units and also beautiful new units I can tell you that the beautiful, new unit will also get you the best tenant. 

Hello all, I hope you are having a beautiful day.

Beautiful work @Garfield McHumphries-  Looks like you created a Chicago Gem. 

Kitchen would be beautiful but lacking a bit on the storage side (pantry is on the wall I'd remove)...

Dean - welcome to beautiful Jacksonville! 

However, while I was succumbing to shiny object syndrome (admiring the fancy new kitchen, new hardware, and beautifully tiled bathrooms), my agent was crawling around in the basement crawlspaces, collecting cobwebs and assessing the plumbing.

Purchase price: $500,000 Cash invested: $136,800 Sale price: $835,000 Contributors: Dominic Turco, Jennifer Haffner Beautifully remodeled home in the desirable Kopachuck neighborhood.