So I started trying to get creative on how to create a win-win-win for all.Here’s how it went down:I got the sellers to agree to an asking price of $180k, a full $40k over what they originally wanted.In the offer, we included a seller credit of $34k.This strategy allowed me to cover the extra commission for both the buying and selling agents and ensure the seller got exactly the cash they wanted should they have sold it at 140k.With the seller credit, this reduced my total out-of-pocket expense to just $6k.I used a commercial DSCR loan product with a local bank.

I would just do a cash-out refi with a 30 year loan.

Are there other types of loans people use to pull equity from their rental to purchase additional properties? 

The umbrella coverage would provide you additional protection from what your primary insurance provider won’t cover.

You may want to explore cashing out, and structuring a reasonable loan term with your current strategy in mind.

An LLC can provide a layer of protection by separating your personal assets from your rental business.

Although they may not have property specific info, they usually have rent and student demographic information you can use when deciding a strong price point or looking at occupancy trends for your market/property.I hope this provides some insight!

You and your immediate family members would be considered "disqualified" to the IRA; therefore, you will not be allowed to benefit from the IRA in any way nor provide any services to the IRA. 

You can do a ‘cash out’ refinance on the rental home as a permanent fixed 20-25-30 year loan to pay off the Heloc on the primary and most likely the equity line on the primary permits a ‘re-draw’ to utilize again. 

Each of these markets provide healthy appreciation and cash flow, TX will be more challenging to cash flow bc of the taxes but there's much more appreciation there.