It does not work for cash out above a purchase price.If it's a rehab project, you can get 80-90% out plus 100% of rehab funded, i.e. the typical purchase and rehab loan terms (12-month term).

You may or may not want to keep your current home as a rental, depending on how well it would cash flow. 

I'd be surprised if there is a sustainable builder in Texas that I have not at least talked to, if I don't actually know them.I am trying to develop projects that allow these folks to showcase their work so people may discover that they can live in healthy, efficient, comfortable, forever homes that don't burn,  and are insect proof and mold free. 

There is also an ease of financial management; it's easier to keep business and personal finances separate.

Then offer him a deal for $1500yr to keep it green instead a tractor storage facility.

Looking forward to seeing how your project turns out and hopefully working together soon!

HI Michael, I'm a huge fan of all things Colorado but I've heard STR restrictions have been tightening..AirDNA and local PM would be a good projection and analysis resource.

Also, in my lease for tenants, it states that the tenants are responsible for paying for heat utility.In New York City between the months of October and May, landlords have to have to keep the heat a certain temperature.My question is, am I still responsible for keeping the temperature at a specific number if I placed mini splits in each unit and that my lease says that the tenant(s) are responsible for paying the heat utility?

Reason for keeping it is to keep skin in the game in case we want to relocate back to our hometown (wife likes the security).

Keep up with news on the local economy and meet other investors to gain more know-how.