I ask because it varies from person to person.

Local banks also tend to offer more varied and attractive lines of credit, from business loans to HELOCs.

@Henry Lazerow Do Class A and B etc... properties vary from market to market?

Rate varies based on the deal and equity and potential.Hard money is a lender of last resort.

@Jeff Piscioniere maybe our definition of "sun belt" states varies...??

They all vary in the percentage of commission they take as well.

@Brandon KoserYou are asking about a property tax issue instead of an income tax issue.Property taxes vary from county to county.You may want to post this in the local indianapolis forum for more guidance.Based on logic, i would assume the exemption is available for people who occupy the house.

It may seem minor but your involvement will vary. 

And in order to refinance and take cash out, you need to increase the ARV of the house, which typically means you'd be spending money on a rehab - and also need cash for that.Rent is counted as income, but requirements vary by lender - some want 2 years of rental income shown on tax returns, or will only count 75% to account for expenses, etc.  

Real estate varies widely by state/county/town/village.