(Trust me, I have experience with that.)Make sure you put durable products into your unit as long as you're remodeling. 

Lead Propeller has a very nice product.

If you go with a home equity loan that is the traditional term loan product, and plan on buying more rentals, then pocket the proceeds when you cash out refi the rental and just put the capital back to work as soon as possible. 

My big gripe about the info product marketing people is that, essentially, they are teachers and not deal makers.

My work product hits my computer weekly, without demand or instruction from me.1.Define a specific task that can be done remotely.

A company over extended or facing declining market for their products does the same.

Spoke with the lending officer - and told him what I am doing, what I am looking for, and prefaced that with "I have been investing for years - but I need and will search until I find - a bank that understands what I am doing and will allow for a product that they might not have done before".

If you decide to purchase with the intent to hold for productive use as Matt said then you would be eligible to do 1031 exchanges and defer that 30 - 40% tax.  

Generally, the closing fees make it impractical to use for short term or project financing and the longer term demands a higher interest rate (relative to shorter amortizations within the same product).  

We've looked at all the data resellers on probate records, and we haven't found one with enough quality, reliability and coverage are to meet our standards for adding them to our product.