I reall need all of the ideas on alternative funding options through which I can fund this deal and also a route that can help me close with great SPEED under 2 weeks.Thank You!

If you’re actively repositioning properties, rigid transfer caps can become operational friction.

You asked what would be the best approach to get started and what if anything one would do differently looking back.First, congratulations, and I would look at getting a HELOC on your current house if you have equity or putting aside money in a consistent and disciplined way to fund the down payment and a reserve for your first investment.You could look around for a value add duplex by you but you can pick them up in good markets in Michigan for $150,000 plus or minus to give you an idea of what is possible.We strongly encourage you to work with a property manager from the beginning as they should help you make money and you have other things to do like look for your next investment and your family.Something I would have done differently is avoided buying single-family rentals as they turn into a financial alligator pretty quick when they become vacant.We help investors do this in Michigan and have local partners in the markets our investors are interested in.To Your Success!

Quote from @David Wolkoff: I am doing a DSCR loan on a paid-off rental.  6.5% 30-year fixed with 1.5 points, 5 year prepayment of 5%.Looking to invest that money, but obviously need to get more than 6.5-7% to make it worthwhile.Buying another rental is at best a break-even proposition.Looking for better ways to use those funds.Open to ideas. 

Well said, Dawn.I see this a lot with investors who can qualify on paper but lose deals waiting on bank timelines or rigid boxes.The right move is matching the capital source to the strategy — banks for stabilized assets, lending funds for speed, transitions, or execution risk.Smart capital isn’t about cheaper money — it’s about certainty of close.

New landlord tightening too muchFirst-time owners sometimes apply criteria very rigidly.

You can extend it, customize it, and evolve it in many directions — without engineering costs — while the system itself refuses to allow violations that would compromise data integrity.That’s not rigidity.

Hello guys, I have rental properties and I have a closing to sell on March 3.  I will be doing a 1031 and have extra funds to add if the deal or deals are good enough.  Without this property I have 8 SFH that are paid...

Excel can work operationally, but reporting, trust, and audit trail usually break down first — especially with multiple owners.DoorLoop’s UI is modern, but many operators hit the same friction you’re describing: workflow rigidity and limited automation depth.Here’s the honest breakdown:RentRedi – Too light for 87 doors and multiple owners.Buildium – Strong improvement over Excel for owner reporting, recurring charges, automated fees, and vacancy visibility.

It is a good idea to really focus on understanding what comparable rents are like how much things will cost and the basics of figuring out a good deal.