Meaning if someone gives you $500k and you only are using $100k, you are still going to be paying some fees on the $400k because the lender needs to keep that cash on the sidelines.You are better off getting either DSCR loans for each or hard money at 12 months and interest only with extensions but realize that money will not be cheap. 

Hoa is very high, off the water and maintenance is starting to increase.

I will pay him off using another business credit line I have..key was that I  want to show that my down payment is not  borrowed money hence this plan

I told her the amount and he is an older man who lives off her social security check.

It's usually pretty hard to try to piggyback off of what a previous owner may have done in the past. 

Agree most Realtors are not real estate investors themselves, number 1.Additionally, your Realtor may have a different property type they like to invest in or prefer to have more paid off properties than leveraged properties.You will know you are working with a true advocate and fiduciary if they negotiate hard for you and advise you not to get into or stay in skinny or low profit deals.To Your Success!

Ultimately, it's about ensuring the property remains attractive to tenants and maintains its market value without pouring money into upgrades that won't pay off.

Do Hard Money brushed me off because I questioned their $2500 up front fee.

I have a modest background in web development and have been rebuilding a separate direct-booking site to align with a broader pivot to off-platform direct booking.

I have a house on Rose Circle, just across the road from Rose Circle Park.