Best quote I've gotten is up to 500K, but I've heard $1M should be the minimum.Smaller concern of mine - bedbugs.You seem to be the resident expert on the subject matter - drop some knowledge on me!

Investment Info:Single-family residence fix & flip investment.

Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100. 

Investment Info:Single-family residence buy & hold investment.

If it means you can access equity now to get your hands on a good deal, you can always position yourself to refinance in the very near future when rates drop again.

Not ideal, but it beats pouring money down the rental drain when we could build equity instead.Is Oakland a good market for house hacking?

We have a primary residence with around $350-400k in equity and no plans to move.

You could sell your partner's 50% equity interest to another investor using options.

I'm also considering utilizing $150k-$170k in equity from my primary residence as a HELOC to fund this investment.

The next step for us is to learn how to pull equity out of existing assets and scale upward.