Today, the property is worth $95k and I find it very difficult to do a cash refi or HELOC to purchase other properties because it’s in an LLC.  

If you are doing your part and really looking at the property and dug in deep on the underwriting, you should be good to go.

Given your strong net worth and experience, investors might be interested in a short-term investment with a clear exit strategy.Home Equity Line of Credit (HELOC): If you have significant equity in your personal residence or other properties, a HELOC can provide access to funds without selling any assets.Securities-Backed Line of Credit (SBLOC): If you have an investment portfolio, you could borrow against the value of your securities without liquidating them.Seller Financing: Negotiating with the seller to finance part of the purchase price can reduce the immediate cash requirement.

@Lea RamirezDSCR loan probably your best option but you will need to show the property positively cash flowsIf it were me, I would be more focused I.

We have stared the project about a month ago, completely new interior including adding new HVAC all new electrical, flooring, cabinets, tops and so on along with new driveway exterior paint and some siding.My contractor is also an investor, so we were lucky there, good insight to share and also, he has lots of leads for renters.But he is NOT a good photographer LOL. here are some progress pictures .Also, I will like to share that we are closing on one more single-family property early next week and we have a duplex under contract._________________________________________________________________________________________________________________________________________10/12/2024.

I would think they would.I was just thinking after seeing someone one the news who had their life savings in Florida STR's.I think it is important to diversity and not have all income producing properties in one place especially when it is prone to a certain type of potential destructive weather. 

I spent 14 years as a CFO/CPA for a $300 million farmland management and equipment auction company in North Dakota. Last year I left it all and purchased a boutique STR company in Arizona. It has been quite a journey ...

First, short term, I'd like to expand my portfolio of just one property into 2 by househacking by owner occupying a multi property.

I am here seeking professional advice from someone who has walked the walk and can guide me where to go from here.Some of my goals are listed below:My main goal at the moment is to find assistance in forming a financial plan with the help of a mentor.My other goals once I have established a plan:- Short Term: "I will obtain a cash flowing real estate property within the next year.- Long term:  "I will have more than or about 5-10 cashflow producing assets making me 5-10k a month in profit. 

For those who have been investing in rental properties, what are the biggest financing challenges you've encountered, and how did you overcome them?