But I will make this note...You chose the path of a real estate agent to get into real estate and make a way for yourself into investing.

We got notes from investors and so did my brother back then, we ignored them all as it's inappropriate in these situations to tell the owner "you'll be dead soon, and I just can't wait for my money".

Writing up a list of talking notes will help keep the conversation moving.

They could hold a note (loan to you) for the $300k.

Rates are 5-5.25% right now in CT.For commercial notes Im paying 5.5-6% on 25 year term, 5 year adjustable portfolio loans. 1 year seasoning. 

there are several options, you could do a Non owner occupied Cash Out, on the Secondary Market like Fannie or Freddie, you could take a Line of Credit, some banks may do a HELOC most will not because its a HOME Equity Line of Credit, and because its not your Home most will not, but you could do a Commercial Line of Credit, I have a couple, one is for 3 years the other is 2 years, but dont be surprised if they only offer you a 1 year term to start. you could also cash out on a commercial note, 3 or 5 year term, 20 or 25 year amm, these are pretty easy to get if you or the property have decent income, your biggest struggle will be that you are out of state, so may want to look to banks that are in both your home market and where your property is, like BMO for example, still a smallish bank so somewhat flexible,  yet large enough to be in both markets, good luck

The community will be happy to double check you.On that note, duplexes can be very hard to make work as investment properties because you get so little economies of scale.

On a different note, please view my new posting about our current venture:  https://www.biggerpockets.com/forums/12/topics/663...As always, your input is greatly appreciated!

Be wise to note that many agents think they're slick and break up the HOA and land lease rec fees.

Once their loan is qualified by a MLO then they are protected more from the loan defaulting and they can even sell their note to others easier.