Is there debt on the property or are you doing all cash?

@Alec Barnes we use Debt-To-Income Ratio (DTI) instead of income = 3x rent.Reason?

To Sum it up, its a good idea if you can exceed the cost of capital (higher rate than your cost of debt) with what you earn on your heloc/debt you pull out and invest.The question is how much gains above is enough to substantiate the risk of your variable interest rate, well thats up to your personal investing criteria.

I used $80k to pay off personal debts and $50k to remodel it by myself with my two hands.

If they notice you have another house and your debt to income can't cover it.

When your LLC takes a loan, expect as members to personally guarantee the debt.

best wishes  i dont do gap funding at all.. so no.. not something I would do we do JV deals every week but we have zero debt all cash and we control the process. 

However, forgive my curiosity - I'm really just trying to soak up as much knowledge as possible.

If you're a good student and can get into a good college without going very deep into debt, I believe you should go.

I don't want to violate any of the self-promotion rules on this thread by specifically linking or name-dropping, but it's from a data analytics platform I am working on specifically built for tracking construction, debt, and ownership activity in the Philadelphia region.I will be posting more detailed insights soon.