A HELOC is probably the most reasonable option other than selling to make some equity available since you would have control over how much and when its used and only pay interest on how much you actually use and when.

Regardless,1) Make sure the modular home is affixed to the land. 2) Do some research to confirm these modulars are financeable.

@Michael FradettePrivate or hard money 2nd position loan.Also realize most lenders will not go above 75% cltv so you will need to have a significant amount of equity That is if you can even find a lender to do a 2nd

Me and my significant other are currently located in NJ but dream of making this move happen on the island.

Quite a few people make money at tax sales, but they do it with a lot of creativity and situational knowledge.

And if you don’t make up the beds, you need to say that in your description.

Hi, I am looking to purchase an 11key B&B for 3.3-3.5 Million using a Private Money Lender.

If not, your own vacuum will contain bugs or their eggs, so make sure you address that. 

Quote from @Jay Chin: You can stick with the original lease, but make sure it covers what you want it to, it complies with current law, you understand it completely, and you are capable of enforcing it.

Is the logic behind that to make sure everything is structurally sound to get a clean report?