In order to provide the lump sum of cash, I establish a LLC (I would also use this LLC also for my Airbnb rentals) and I take out a loan and/or 0% credit cards for the remaining balance.Plan 2: I talk to my financial officer who helped me purchase my current home, set up a mortgage loan through my financial officer and make the down payment of 15% (single family home) by using my Traditional and Roth IRA's. 

or you can leave business cards advertising the business that guests may take with them. 

@Will BarnardWe were estimating 50k, with about 4 to 5 months holding costs.Converting into rental is also in the cards.

One last item I thought I would mention, I've heard of folks on the podcast using credit cards with 0% down for rehab costs (usually Discover) on their BRRRR deals.

@Anthony WilsonA secured credit card will help, as long as you only pay bills and other expenses that you would pay without them.

We have enough between us to buy the first property, but this would allow us to buy a second pretty quick.I don't think selling it is in the cards, it's less than a mile from the beach and my wife has some sentimental attachment to it. 

@Lashawn McCauley I forgot to add that I had to put in a credit card that they put a $2500 hold on for the duration of the auction.

Don't take on heavy debt like auto loans, credit cards etc.

I'm in the very competitive Omaha market and have been driving for dollars and sent out 1500 post cards and waiting for those to produce.

I registered on the site but don't understand the agreement below and am concerned about loosing $1,000 so haven't "agreed" to the following yet.This is a one time Bid Deposit ("hold") of $1,000 to be placed on your credit card.