With housing payments covered and cash that should be left over after your second deal (keeping some reserve for repairs), your savings on income should be able to get up to down payment level on a third buy and hold deal fairly quickly.3)  If the cash flow from the sea side dream home isn't stellar or a cash out refi hits snags for whatever reason, then I would 1031 and re-deploy it to multiple new SFH or larger 4+ MFH.Good luck!

With a HELOC you can deploy the money however you like, and they traditionally have reasonable rates that make them more favorable than other LOCs. 

@Jeremy L Riddle it sounds like it's maybe time to part as friends cashing in on the growth and profits at hand and re-deploy/leverage individually. 50/50 deals are the most dangerous for the point when there is any impasse. 

I am also a great believer in investing when there is distress and deploying capital when you can.Florida's cap rates are far too compressed and I do not see appreciation potential.

Hi all,Looking to deploy some of my LTR capital and build an STR business in CA.  

That’s why single-family rental operators are deploying billions of dollars to buy rentals.

It is also flooded with rentals due to active military using their VA loans to buy homes with almost no money down, then converting to rentals when they deploy or transfer to a new base.

Some that are more aggressive at deploying their capital can start with 75 to 80%.FHA is such a picky program it's really easier just to accumulate more cash and bypass all their rules and hit up conventional primary residence for 95% LTV.

I am hesitant to reply to this because the original post lacks the financial sophistication of someone who knows how to earn and deploy money.

Had he informed the PM right away, I would have deployed a remediation company in the afternoon instead of finding out the damage in the evening when it was too late to set up the drying system that night, causing continued water damage. 4) I requested tenants to pay for the deductible that I pay out of pocket.