So it would be best for him to first understand how this would impact his taxes and estate planning then structure the sale based on that.

we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.

While I’ve considered cash-out refinancing or HELOCs, the high rates make these options less appealing.I’m debating between using cash to acquire more SFRs or diversifying into mixed-use retail properties.

I’ll definitely make that a priority as I build my team.I also appreciate your point about using different contractors based on the scope of work.

Assuming you go the HELOC route, another option to reduce your costs assuming you have decent credit is to look at credit card balance transfer promotions.Back in 2003-2004 I had HELOCs on my investment properties and interest rates were increasing.

I’ve heard of a few different options but would love to hear your experiences, especially if you've used gap funding on flips, new construction, or commercial projects.

TY You have a few different options, but a cashout refi on the free and clear property is probably simplest. 

I own a LTR in central Houston that I think would be pretty successful as an STR based on the AirDNA data.

Two years ago, this approach would not have been an option.2.

Another option that requires more legwork is to call the servicer/ producer of the inverter.