We purchased a newly built townhouse in 2019 for $584,000.

Everything worked out o.k. since I was also newly eligible for social security which kept me afloat until I got established on a part-time job.My $0.02 ...

Use a heloc for down payment on a property then immediately refinance the newly purchased property with a lender to pay the heloc back to zero?

Here is some more info on the mandate: Takes effect in 2020.Applies to new homes and MF buildings of 3 stories and fewer.Also applies to major remodels.Approved by CA Energy Commission 5 votes for, 0 against.Includes new insulation, lighting and air filter requirements.Includes design flexibility for buildings unsuitable for solar.Solar panels do not have to be on the roof, builders can build a central community solar array nearby to offset newly constructed buildings unsuitable for solar or share of remote community solar arrays can be purchased to virtually offset consumption.New home building industry associations support the bill.

General advice is to read the forum, see who you get value from, jot down names, and reach out.Depending on whether or not the property(ies) in question were commercial, as opposed to residential, you may be able to take advantage of special HVAC treatment under the newly beefed up S179 [IRC Sec 179(e)(2)(B)].

Water access to the inland bays (boat ramp, kayak launch, boat docks, fishing/crabbing docks), community pool, clubhouse, playground etc.

I like the multi unit building idea also..Any idea what rents on a newly rehabbed 1000-1200 sq ft go for in the area?

Purchase price: $350,000 Cash invested: $70,000 From the Airbnb listing:A small, charming lake house with a magnificent view of a ski mountain — Wachusett Ski Resort (voted #1 in MA).Newly-renovated, 650 square foot cabin with a wall unit AC, fire pit, grill, smart TVs, kayaks, paddle board, and all the amenities you’ll need for your getaway.

Now you put that towards your expenses on the project $39k - $10k = $29k.It cost you $29k to get $50k worth of equity in a newly renovated property doing that strategy.Compared:-$50k to get Turnkey, $50k of equity, and very little experience real estate investing-$29k to get BRRRR strategy property, $50k equity, a TON of experience real estate investing

I find a lot of retail buyers looking for a newly renovated home in the $120k to $160k range.