In NY it will take 70-90 days to get a mortgage turned around.Fake numbers:* Purchase: $400k* Fees/Transaction Costs/Repairs/Holding: $200kAssuming equity requirements are 25%, you'd need the property to appraise/sell for 800k to get your 600k back out (and return to the lender). 

So I think it's safe to say that unless the hoa agrees to me turning it into s8 (which I doubt) the units will be in a s8 area which may keep the selling price low if I ever need to sell.

A traditional sole ownership property will cost you approximately 5% of the total value of the property to sell based on fees we are all used to paying (and you are paying all of that out of your equity, regardless of how much debt is on the property, and without a return of capital clause).Again, simplify your analysis to a strict understanding of the property level analysis inside the portfolio - something you've likely been doing on your investments to date.

So if you're interested in flipping, find someone who really understands that, not someone who sells commercial real estate. 

@Brian HowseHi do you sell insurance in California?

@Aline EladIf you take funds from an investment account and sell that asset I believe you will owe taxes on that gain even if you reinvest that amount laterIf you took a loan against it then that may be differentNot tax advice and not a cpa just sharing how it has worked for me in the past.

After the sell of my house I'd want to purchase the farm, I could use the equity remaining in the hose to cover closing cost of the farm. 

I would buy mutiple just to cash flow in c and d neighborhoods then when i acired enough cash flow i would keep 2 sell the rest and take the majority of cash you were cash flowing and buy in b neigborhoods or look to put a downpayment on a small apt complex

I know I have other options like selling the notes or partialling, but this question is more focused on taking collateral based loans against the notes.

This strategy provides steady cash flow and potential property appreciation over time.Fix and Flip:Acquire distressed properties, renovate or "flip" them, and sell at a higher price.