If you're financing the new purchase then that loan will have to take first position. 

The owner of the property is a relative, who purchased the property (condo in Miami) for $200K in 2014. 

Your PM using forensic tools can save you thousands $$https://snappt.com/blog/tenant-fraud-statistics/https://www.quora.com/Where-can-I-purchase-a-new-clean-ident...https://www.safetydetectives.com/blog/dark-web-the-average-c...

And some investors will be happy with that return on what is a relatively low risk SFR asset they can exit to retail buyers.If cash flow is the most important thing to you, then you may want to focus on things you can purchase all cash.

We worked together in 2022 - My client purchased the property on Millset from you lol

And you have provide the money to purchase the new property. 

Purchase price: $300,000 Cash invested: $35,000 Multi-family property with two SFR homes on parcel.

I actually like the suggestion you gave for the second home, I just don't know how I would swing it since we're targeting it as an add the the investment holding company as opposed to a solo purchase for myself. 

Kory, so if I understand, create trace from HELOC distributions and tie to airbnb activity via receipts or documented transactions for that activity.Example: bought land with HELOC - show date, purchase price, location, account for other HELOC proceeds in similar fashion?

Purchase price: $360,000 Cash invested: $80,000 This was initially a fix and flip deal that turned BRRRR.