The difference between the two is an entire new loan or a second equity tap which will give you whats called a "blended rate" option.

Use it to see how much cash flow a property could generate.Market Research Mastermind: Become an expert on the area's rental rates, vacancy rates, and appreciation trends.Renovation Reality Check: Don't underestimate the cost of fixing up a property.Price is Eye-Catching, Value is KeySure, a low price tag might grab your attention, but remember, true success comes from finding properties with exceptional value.

In my models, I have expenses (less mortgage payments) track the same number so I find the total rate of return to be relatively insensitive to this number.

No cheap strategy to explore without spending thousands on a cistern tank, deep water well, or trucking water to the property yearly.

There is no "cheap" way to do this sort of thing.

Most of the funds have a structure with pref rates and good performance split.

@David FergusonVirginia is cheap and easy to setup a LLC.

It's fully rented at the moment and has a cap rate of 10%, which seems promising.

Now, even though the red tape has lessened and selling might be feasible, the current high interest rates could make it difficult to find buyers willing to invest at a price that reflects the property’s true value.

The 70-80% fail rate is discouraging, but I've seen that on other posts as well, so I won't let that scare me.