Are those properties overpriced as well?

Make money, save money, buy a house in a neighborhood they believed in, manage it well, and hold it forever.

You'll need a trusted, well paid individual locally who has a background in construction and can oversee the contractor.

VA can do multifamily as long as you are living there as well, but there are some other restrictions.

We don't offer HELOCs on investment property because of the risk, rates would be well above 10% if not higher. 

Well that’s disappointing owning a STR on an island is one of my LTR Goals and Barcelona was on my short list.

My rental property’s water comes from a community well which a neighbor owns.

Hi JohnYes, that's what I'm thinking- was hoping there might be a way to tap the equity in the church with a renovation loan, but not having much luck there. 12 percent is pretty well exactly what I'm looking at- debating whether less risky to just cash flow it slowly over time?

Is that because well water is generally harder on the filter mechanics?

Beach front is rare and has appreciated well for 50 years and likely will be appreciating well 50 years from now.Good luck