Having closed only last week, the plan for the property is to bring rents close to market value, complete the renovation of the SFR and make some small updates to the remaining units.

My focus is cash-on-cash return, cash-flow, return on equity, and cash remaining in the deal. 

@David SissonDavid, thank you for the reply, I always see people post brrr and pay in full Then refinanceBut I dont see alot of info on using heloc for down payments with a conventional mtg on the remaining balance and then refi.

@Lydia T.That means that the owner (the next buyer) could owe the bank the remaining mortgage balance?

Let's put half the money into a 4-Plex in the east valley that will cash flow positive. let the tenants pay off the remaining loan balance.

The preferred investors get paid 6% or $60K and then the remaining $60K - 50% goes to them and 50% goes to you.Also, you can charge an asset management fee as the person managing the whole thing.

My parents say I should back out, take the loss for appraisal and inspection, and put my savings towards the remaining balance on my student loans.

Reaching out to the City to see the number of new construction permits, evaluating the area infrastructure, state of the market economy, determining whether the major industries players (aka employers) will remain intact due to Amazon effect, etc.My best!

Rather than struggling to recreate the wheel you might do better to join a strong team and see how all the parts work together while racking up sales and building capital and experience.Just so you know about 90% of new agents fail the first year and out of the remaining 10% about 80% of those are gone within the first 5 years in business.

The deposit is to remain in place until the lease is terminated.