There are folks who will say you can, especially on an internet forum, but it comes with considerable risk and would be exceedingly complicated.

Take a 5 to 10% option consideration "fee" (not a down) from them.

Thanks so much everyone for your advice.Kevin, I've been told that I can draw equity on a HELOC or equity loan up to 90% Total LVR.

Write a project proposal, with details, projected finances, drawings sketches, etc and find rich people to present it to and see if they want to invest...

Secondly it seems to be a great strategy given the amount of income this one property is drawing in.

Hi Erik,Is there a certain draw to FHA financing?  

.  :-)   Rents are very high right now and in most cases a mortgage is considerably less per month.I and my clients are buying in a growing area of Charleston right now and we have faith in it for at least another 3 years.  

During the draw period, you can draw as much money as you want (up to your HELOC limit) whenever you want.

Sikorsky is a huge draw, as well as New York City, etc...  

Having these conversations with the CPA as I converted my books has completely changed the way I think about my record keeping, how I take draws, how I may structure partnerships and investors going forward....Other than perhaps a good real estate lawyer, from my experience, a good CPA is critical to a young real estate investor's performance.