Or maybe you're netting $30,000 and this is the easiest money you've made.I would crunch the numbers of various scenarios.

@Connor ODay the only thing I would add to @Wayne Brooks is that your GF and Son can each start their own business by creating a Sole Proprietorship or whatever entity formation works easiest for each of them (you can consult a lawyer as well to form it but should be able to do on your own as well).

I'm looking for the easiest way to use the equity from this property to pay the down payment on a property this fall.

What's the easiest and most effective way to deal with this situation? 

I have a client who was gifted two residential lots that are prime real estate in California. 

This should be the easiest you’ll ever have it. 2 months ago you were up against a dozen buyers, half paying cash the other half offering over asking. 

I think the easiest way to figure out if a deal is good is to analyze minimum of 20 deals, put the numbers (cash flow, cash on cash return, IRR, whatever metric you want to focus on) into a spreadsheet, Find the 25th, 50th, 75th percentile of each of those metrics (or use whatever percentiles you want).

Hi @Luis Fernando Botero, as the others have said in the forum, you are probably looking for a DSCR loan.Those are the easiest to use for investment properties.

It is probably the easiest and fastest way possible to get started in real estate.My only advice would be to save faster and start sooner if possible, but being that you are only 21 years old already I think your plan will work out perfectly regardless of moving any faster.Are you planning on moving into Chicago or staying out by Joliet?   

@James Whitehead it is easiest to access the equity in a property when you are living in it, but you do have to qualify for the PITI payment.What is your current mortgage interest rate?