This house has several major issues wrong with it but there are 2, I am unfamiliar with. 1.

Lake house, cabin feel, waterfront etc.

If you want less leverage simply put down the funds you would use to pay down the 6.4% rate on the new property so you are at say 60% loan to value on the new house.

Detached HousesWhen in doubt, consider the tried-and-true detached single-family house.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $785,000

Cash invested: $156,000

Short term vacation rental in Panama City Beach. New construction, fully decked ou...

You need real insurance that covers the house when guests are there, or when it's empty in between guests. 

There may be a couple of houses on the block that do not have driveways so this may not be the only one.

We also paid for an inspection on the house & 2 appraisal fees.I called Nick to ask questions and he didn’t like the questions I was asking so called my partner and told him I needed to back off or they’d cancel the deal!

Currently, the house looks like a warzone, with huge horizontal cracks, buckling, and crumbling drywall everywhere.

Or once I finish building the house and get the C.O.?