I checked with my bank and I should be able to get a new $560K HELOC on my primary home.

I already have one rental property that was my primary residence since 2011 and I just rented out last year, and it's doing pretty good, I turned it over to a management company so I can comfortably keep my full-time job.

@Tom HarveyThere are two things to consider: If you are going to live in a home as a primary residence, then you would need to seek out lenders with experience working with small businesses and the self employed.

@Edwin GiraldoYour plan makes sense.I'm assuming you're looking to buy and hold and not for a single family primary residence...You should also consider that buying with cash will then give you options later to refinance to pull 60-75% out once the property is stabilized and generating income.

That is the primary benefit of a LLC 99.9% of the time ........  

Not to mention that not occupying a primary residence purchase is technically mortgage fraud (definitely not mortgage fraud police, but that’s what a lender would tell you).

Scenario 3....you could tap into some of your equity on your current portfolio and your primary residence if you have one and start doing BRRRR's and flips to generate more capital and more buying power. 

My primary reason for trying to stick closer to $300k was to minimize the down payment.

Hi Beverly,I would say Research online and sell online, Ebay, amazon, Let Go, there is many online platforms and everything is happening online now days..

I've been very pleased with Tenant Cloud thus far - similar viewing platform as Cozy, but more features (automatic scheduled late fees!)