That is definitely a motivator to seek a different market.

Typically, this kind of lending from banks/depositories is as a secured facility at the portfolio level and structured as a warehouse line.

The OP forgot to say his 401k was a Roth 401k.

It would certainly be convenient to have both units side by side from a maintenance perspective.You want to find out if the owner has a real motivation to sell / any point points?

such a solid deal with that 9+ cap and rent upside.

I have talked to many Personal umbrella insurance companies and everyone requires a primary resident that I don't have right now.

You're working with a promising BRRRR setup, but the margins are tight and the risk-reward hinges on a few key variables.

I’m looking to purchase my first investment property, and I’ve decided to go with a new construction home scheduled for completion in 2025.I’m leaning toward new construction primarily because of the low maintenance costs in the early years.

Maybe it's a fix & flip RTL gone bad.  

I'm 30 years old with a wife and 2 kids.