In nutshell, assest diversity is the solution ( don't put all the eggs in one basket).

I’m going to be residing in Tampa, FL.

I actually vaped for like two to three years at my current residence.

I have a question in regards to the financing portion and what others may have done:I have a HELOC on my primary residence which I could easily use to fund my downpayment. 

This is a struggle for sure - I have been in the industry for 3 years now, and I have not found a perfect solution to the problem. 

Sine we own our primary residence one of the banks we contacted suggested we use a home equity installment loan (HEIL) saying that it would allow us to make what amounts to a cash offer on the property and secure the loan with a similar term and interest rate to a conventional loan and the added benefits of no closing costs.  

@Larry WilliamsWelcome to BP, fellow Denver resident! 

My drilling location is approximately 100 miles from my primary residence so it would be a nice little monthly write-off if possible.Hope to hear from someone with more experience on this matter!

Thanks Matthew, That is something I will try I just heard back from one bank that said their policy is to only loan on one rental and my primary residence.

Rick and MakaySilver Linings Real Estate Solutions LLC