The latter will have higher interest rates whereas the former has a 2% interest at my local credit union. 

Also- I just turned it on and nothing has changed in my rates.

If the contractor-partner is handling all reno and construction part of the property, only his crew get paid the usual hourly/daily rate and we split the material cost? 

You mentioned that you are planning a relocation with your wife and kids, Saint John's schools are known for being top rated schools in Florida.

Always check your state laws and lease for scenarios: if unit becomes uninhabitable.Option 1: Renter's should have rental insurance which would cover this.Option 2: Have them pay the contracted amount and provide a receipt for hotel, however I would also review local per diem rates and provide guidance on their budget.Hoping for a smooth project for you.

I don’t mind seller finance deals but I don’t recommend them in cities like CC, the poverty rate here is way too high and I see this happen more often than not.

He said a realtor has advised him to sell it for $500k so he wants exactly that as well as $80k down at a 6% interest rate.

We are also a builder as well as str, ltr investor; old school physical measurements and calculate yourself.

There may be other options at lower rates this year if it helps at all! 

If you buy Core right now you might a get a yield similar to the interest rate you would pay on a heloc.