Going this route over high closing costs would save you more money as long as the work can be done in reasonable amount of time.

I guess my main dilemma is taking out more money against the house that I’m currently in a good situation with to put that equity to work VS. not tapping that equity and moving forward with a conventional loan on another property in a “safer play”.

Same for hard money loans, under 100k is typically not an issue as long as the ARV is 100k+.

Thanks Do not overthink it, just come up with a name and run with it. 

It would probably be worth a phone call to the Garland Planning and Zoning department to ascertain which areas are permitted to have short term rentals. 

You’re borrowing against the equity in your home, so the money is not income but rather loan proceeds that you’ll need to repay.The pros of a cash-out refinance for most investors include the ability to build their portfolio and scale their real estate investment business.The cons could be trading a lower interest rate for a higher one and increasing your loan-to-value (LTV) ratio.

Short of you asking for changes/repairs/a price change.

Eventually the money will come with me doing my own deals in the future.

I think it will definitely help out when you put your money to work stateside. 

Hey BP, I am stuck in a situation where i have rental property in Baltimore city and it is a money pit.