One strategy to rapidly increase door count would be to leverage an equity position utilizing a cash out second equity line or fixed second loan as a down payment for a new primary purchase of 2-4 units.

After assuming average repairs and maintenance, you’re AT BEST negative cash flow of $600 per month.

I would just do a cash-out refi with a 30 year loan.

The best strategy I see for it is as a Luxury STR, I’m just not sure the market supports this. 

The seller may face a big tax bill if they receive a pile of cash at closing.

But think of it this way, if that person were to do the exact opposite of their promises/their word/or opposite of what's spelled out in your contract, what safety measures do you have to reclaim your hard-earned/hard-saved cash? 

Thank you for all your support!

The latest deal I am under contract for I expect to next $88k so if you want a great coaching team and a strong community of support you can reach out to me or just look up the company.

Cash flow is the main goal!.

You can do a ‘cash out’ refinance on the rental home as a permanent fixed 20-25-30 year loan to pay off the Heloc on the primary and most likely the equity line on the primary permits a ‘re-draw’ to utilize again.