This would avoid dealing with traditional lenders altogether.Partnership: Consider bringing in a partner who can provide the $140K in exchange for a share of the rental income or future appreciation.Cash-Out Refinance: If you have another property, you might be able to do a cash-out refinance to pull out the necessary funds.Best of luck!

The other option, however, is that I can live more or less for free for the rest of the year between a few family members and friends and save that bit of extra cash towards the purchase.The extra cash could either help me jump on a deal sooner or it could be a buffer/money for potential renovation when I move in.

Happy to provide more info if someone can guide on this 

It offers a strong balance of cash flow potential and appreciation.

If so, do you use anything to double check that the SSN they're providing is actually theirs?

Bob is right that you can get better cash flow on the east side, but I still see deals pop up over there from time to time and I don't see any rapid depreciation in those neighborhoods coming any time soon and I think if your strategy is to buy and hold in nicer areas with less risk, it's a very good area to target.

. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense? 

Purchase price: $95,000 Cash invested: $30,000 Sale price: $173,000 Before moving in we had to remediate some mold in the basement.

I have evaluated it to be able to cash flow as a STR with the lender special rate, even with a conservative 48% occupancy. 

Is the cash flow still working out at a level that is appealing to the buy and hold crowd?