I now have 12-doors there and am in the process of adding a couple duplexes.I don't have much experience with moving out of state for income tax purposes but the first state that came to mind is NV.

One a Heloc rate is much higher than a typical cash out refinance rate even if your first mortgage rate is low more than likely 3-4%.

Like I said though, I'm not very familiar with that area, I just see the listings come up and they're much cheaper than lower Bucks.Duplexes are pretty hard to come by because they get bought up so fast.

We might have the AC units inspected if the property was 15+ years old, make sure the water heater is less than 6 years old, that kind of thing. 

I agree with the contributors who say get more than one quote.

I never regretted keeping my first house as a rental because it cash flowed very well from the beginning and as years passed and rent increased it became an outstanding decision .However, our home was significantly less expensive than yours.

Owner occupied more than likely.

A good one is more than worth the standard 1 point if they hustle, are responsive, are reachable, and really look out for you the client and try to get you the best out there for you and then the bad ones are not only not worth the 1 point but they charge double or triple.And websites and reviews can be misleading. 

In many areas str is defined as less than 30 days.  

@Dennis Bethea - my wife and I are local and manage a couple of STRs in McAllen/Edinburg at the moment.