Just make sure you know the rules for loans with a non-occupant coborrower, as depending on the relation (whether they are a blood relative or not) and the type of loan you plan to use, there can be additional requirements for LTV and DTI.

But since there is no longer a house they want me to pay an additional $120,000 skin in the game! 

Rates are coming down right now and a cash out refinance offers additional benefits that a Heloc cannot not offer.Heloc cannot be used as an "Asset" or for PITI reserve requirements when buying another REI.Heloc is an open end mortgage aka debt obligation and can cause DTI issues.Heloc is in 2nd lien position which means you cannot borrower more until you pay off the Heloc.Cash out refinance offers a 30 year versus Heloc typically 15-20 year higher rate.

I like to have the materials or appliances on site before I pay for them. 

This IS a real estate site, saying commercial and giving LTVs is a bit off, multi-family, 5+ units is a commercial loan, a commercial loan is not necessarily for a multi-family.

Do a search here on Evolve and you will find a ton of info.Also, use VRBO in addition to AirBNB for your comps.

You may be able to find something an hour outside of Orlando close to the $200,000 price point, but even still you're likely going to need additional funds in order to get into it.

Hi Justin,additional costs are likely in the rehab process as well....party walls and utilities that I can think of right away.

Listing on airbnb like sites.4.

She planned to leave that small house, put a little work into it, and having it serve as a separate mother in law suite in addition to the newly constructed main house.So far, the first acre has a septic tank, well, and a foundation built.