Write up a lease renewal document to offer:-moving out at the end of the current lease-transition to a month to month agreement (keep current rent $725/mo)-new 1 year lease (keep current rent $725/mo)-new 6 month lease (would end in December so I'd prefer not).The current rent is in-line with market rents, possibly a little high so I don't feel the need to raise the rent after 6 months.

I dont pay a fee which takes away from my bottom line and neither does my tenant which should make it more attractive.

Something along the lines of "Do your own due diligence.

@Brandon Thomas I am in upstate SC as well but along the coast line.

Any options out there that will allow a line of credit or is cash out refinance my only option?

You fill out a form send in some pictures, they keep a fee and they buy your house.Meeting a defined goal is how you determine you are successful.Dean defines success as:Free time – when I am in complete control of my time and can do whatever I wantWhen passive revenue exceeds lifestyle needsWorking on projects that excite meNot knowing is scary, especially when it’s your money on the line.

: 1) buy the house by using $50k in cash from a HELOC2) get an invoice from a contractor for the $15k in rehab costs before closing and put the $15k in escrow with your closing attorney in charge of the escrow3) on the HUD1 settlement statement, enter the $50k purchase price on line 101 as the "contract sales price", enter the $15k on line 103 as "settlement charges to buyer", and the total of $65k on line 120 as "gross amount due from buyer"4) the property gets rehabbed and the contractor gets paid through the escrow as the work is completed.5) get a tenant placed in the property after rehab is completed6) get financing on your property for the lesser of a) 75% of the ARV which is $67,500 or b) the "gross amount due from buyer" per line 120 on the HUD1 settlement statement which is $65k7) so overall, you get your $65k cash back out through a mortgage that is based on the "gross amount due from buyer" per line 120 on the HUD1 settlement statement8) you now have a rental property with a tenant paying your monthly mortgage and you essentially have no money left in the deal@Andrew Postell I read your other post, which was fantastic.

Before you sign the paperwork for the HELOC commit to using the line of credit and know your terms.

A 1031 requires a lot of things to line up just right, timing-wise, so if this is a deal you can make work, and you are able to offer timing flexibility, you may find you can negotiate a bit.

It's thinking about 5 steps further down the line than I need to be at this moment and holding myself back because of that.