@Rene Hosman Generally, Reasons for Land Swaps are to: - Resolving zoning conflicts - Acquiring strategically important properties - Consolidating land holdings - Avoiding costly legal battles - Achieving public policy goalsWhen I was a Planning Commissioner projects would discuss land swaps for larger development projects to make sure the community impact was greater (typically gaining conservation land for us) than just allowing a rezone to be approved without public benefit.

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.  

In my search, I've noticed that many positions require proficiency in Yardi.I've been actively looking for effective ways to learn Yardi, but it seems challenging to find suitable training or courses online.

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.  

Generally if a first is going to be paid off from the second position foreclosure, then the first must be notified in the complaint and the language will not be indicative of the foreclosure being subject to the first.

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

You can find positive cash flow and the 1% rule here!

For the most part, due to interest rates, breaking the 1% cap rate still won't provide positive return after expenses.

I'm curious why you want a HELOC instead of a conventional loan in the first position.

Their ability to recover their money should you default is much lower in this position.