However my guess is a residential loan as your primary residence won't be enough to cover the entire purchase.

My current resident has been amazing.

Starting our Real Estate Rental journey...Wife and I are moving across state due to a job re-location...we want to keep our primary residence while we rent an apartment. 

Please help me understand the best way to get money out of the equity. 

Then in 2022, I moved back to California (now in the Central Coast), but still actively operate and invest in Detroit from afar.That market has been really good to me—plenty of opportunity, cash flow, and upside if you’re strategic.

If they are hurting the peaceful enjoyment of the property for other residents and we are concerned they will drive people to move, we non-renew.If they asked why we non-renewed, our staff just tells them we do not need to provide a reason.

Could you elaborate what a resident benefit is or 2nd nature?

I have hired a contractor and he has quoted this will cost me around $7000.

Condo is worth $115k, LTV of 75% gives me a loan amount of $86,250.

Probably one of these two since they both cash flow and that's my main focus.https://www.biggerpockets.com/analysis/rentals/7988a5f6-41da...orhttps://www.biggerpockets.com/analysis/rentals/61f8a5f6-d85c...Thanks in advance for any advice!