The rates for a purchase money loan (one where you take the loan out to directly acquire the property) vs when you do a "cash out refinance", which your loan would be if you chose to pay off the line with a loan on the primary residence, it typically done at a higher rate.

And, you will still be working long hours, but now for very little pay (at least for the first few years).  

Pay a title company for a title report.

Paying 30% would not be a problem, as long as I can invest leveraging the high score. 

@Tejani Jeet BhaveshThe debt does not go away it is just unsecuredIf you are a borrower and get foreclosed on if the debt is not paid off it does not go away - it is just unsecuredOnly way for it to go away would be pay it off or bankruptcyYou are seeing a lot of articles on zombie loans where people lost homes or kept homes but were underwater and old mortgage lenders are coming back after them as the debt is still valid and they thought it went away

They’ll determine best route in how to essentially to pay the least amount in capital gains, should we sell, 1031, invest etc. being attorneys they can do a little more than CPA’s my research says. 

Maybe bankruptcy, maybe slow courts or laws over Covid, maybe owner missed a payment and started paying again, but one payment behind, maybe trying to do a workout, maybe some environmental hazard with the property that they want to take ownership of it.So that would be the first step....find out who owns it.....individual or LLC or now in lender name.   

No investor is going to want to pay retail.

Do not give them any money until you check the property and get the keys...also check that any bills tied to the house that they may have been paying are up to date.

My wife and I are considering selling our current property and moving into another, but as I’m sure many of you know, those events don’t always line up perfectly to prevent paying for two places at once.I’ve heard rumors about a program that allows the temporary freezing of mortgage payments on properties for sale by owner while they begin paying for other properties.