I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!

Otherwise they would have sold, taken the tax free cash and moved on. 

High-net-worth individuals, private lenders, or experienced investors looking for passive income may be ideal partners.

Vacancy rate, insurances taxes, interest rate, repairs and maintenance.

Instead of jumping into an expensive Long Island market with negative cash flow, consider investing in a Texas market like San Antonio, Houston, or DFW suburbs—these areas offer strong rental demand, lower property taxes than NY, and better cash flow potential.

I am based in the Athens, GA area, passionate about building a sustainable income through real estate ventures.

Income would be from hunting dues and timber harvesting, expense would be conservation management, taxes, and the mortgage.

Wife and I are both self-employed so acquiring a traditional mortgage is challenging based on our "on paper" income.

Lower Property Taxes and a booming STR market.

So, for a $60k loan, you'll likely need $12k-$15k for a downpayment, $8k-$12k for closing costs (prepaid insurance and taxes, lender fees, attorney fees, points, prepaid interest, transfer taxes, etc), and then another couple thousand for reserves and whatever else.