A few years ago I was able to buy a small second property in the next town over as an investment property, but it was a bit of a fixer upper so I took out a HELOC on my first property, fixed it up and rented it out.

You can always PM with any more questions about financing a fixer upper property. 

If you find the right house, I would suggest to buy a fixer-upper, make it look good, and rent it out either using airbnb, or just a normal rental.

Thank you.BTW - my husband and I bought a fixer upper 2 years ago and just finished putting an ADU in the basement while living upstairs.

Neither of which should be connected in such a way to the toilet sewer to cause a backup like that.Then again we did see a duplex once whereby the upper unit toilet flush would gurgle & come up into the kitchen sink of the lower unit.

I am looking for a fixer upper so there will be rehab costs for the unit I plan to rent out.

As it got to the middle class/upper middle class it was a combination of a house and stocks/bonds.

The upper level of the house just needs flooring, paint and a whole new bathroom and the downstairs needs some sheetrock and new kitchen with appliances.I was unaware of the construction loan, but I will discuss that option with my realtor.  

Here are some neighborhoods where multis can be found at a great price and a high cap rate: Norristown, Darby, Collingdale, Nicetown, Crum Lynne, Upper Darby, West Philly, and Marcus Hook.

Helps offset fixed expenses like permits and regulations. certainly gets the job done and we do need more housing inventory on the upper end as well, but the real challenge is the insane demand for houses under median.