We lived in our first Alaska home for almost 10 years,  bought with no money down, refinanced twice and pulled out $90k in equity when we sold it. 

@Shiloh Lundahl20k I’d put in equities.

@Tyler Williams to take complete advantage of the brrrr in your target area, I would save $75,000-$100,000- paying cash for the properties will open doors to buying options that aren’t available when using loans - I have a client who bought a foreclosure two months ago in Baytown for $31,000 - it had to be a cash sale - after rehab, he has about $50,000 in equity - THAT is how multi-millionaires are made!

Also with our current primary that was a foreclosure purchase 4 years ago has grown into $100k in equity and is still climbing.

Realistically, you could be better served finding "deals" with built in equity or force your own equity through rehab, and this would drastically cut down your capital needed for down payments.Best of luck!!

Side Note:  One of the amazing things about real estate is that this is your second deal, you mention having trouble with permits & contractors and despite those challenges you are still able to create over $31k in equity with this project!

I want control, leverage, build-in equity and liquidity.

Or, you can spend money on a lawyer, get proper documents, get a domain, order some business cards, worry about asset protection, file an out of state LLC, get a phone and fax number, get an email address, take that next seminar, read that book, post more questions on here....Meanwhile, I ripped another $100K in equity on a wholesale property I bought and decided to keep, using a 1 page Word doc.

The best $250 I ever spent was for an older real estate attorney who provided me knowledge about a problem and a beautiful solution that made me about $500,000 in equity over 20 years ago. 

For example, if the ARV is $400K but the homeowner has $140K in equity and is comfortable living there as it is, would it be a good deal for the investor?