@Gary LeeAs someone who manages a debt fund- the only time we would do something like that would be if the borrower had significant number of other assets with equity and we would also cross collateralize them and get a personal guarantee.If you have little to no net worth then the answer is no.

You can get a more specific answer.

Maybe leave some of the money "in there" to have some more cash flow to live on or just to make it easier to hold onto the property so it doesn't constrain your finances.There isn't really one "right" answer...

It’s been on the market a year originally listed at $1.6MM. 

Unfortunately the original setup was not waterproofed very well so we ended up removing the studs from that wall because they were all rotted out.

I also am 20yr lender for rehab and dscr so i can point you in right direction or answer questions.  

If you ever have questions about Greater Cincinnati, i'd be happy to answer them! 

You are asking some great questions and the best answer I know to give you is that rental income & expenses can be more predictable in a condo and attract a greater pool of guests. 

I am planning for $40,000 total.Needs windows (all are original).

I'll try to answer some of your questions about the Pensacola area:For airbnb, properties downtown or on one of our beaches(Pensacola Beach or Perdido Key) tend to generate the highest revenue.