These homes are in my personal name right now.  

@Steffany Boldrini As a lesson to other people hiring interior decorators online, can you please tell everyone what caution flags should have told you not to hire this person?

Does anyone know stats on this or have personal experience in this region?

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.

If you want to think about it as a math problem, it’s all about where you put your time to maximize returns while also factoring in what you enjoy doing.Picking the MarketI’m the kind of person who gets analysis paralysis.

If it is a breach of contract to do such action, no, it's not true or accurate to say a person "can" do that anymore than it is to say a person "can" rob a bank.

That could be a PM or you can hire a person to work full time for you. 

Hi James,I personally don't have enough experience to answer your question, but there is some helpful stuff in a similar discussion here: http://www.biggerpockets.com/forums/52/topics/1779...You will find related discussions to any forum discussion you are reading at the bottom of each forum discussion page, and they can often help you find posts that answer your question.  

If you personally are having trouble making a profitable deal, make a post and ask for suggestions.  

Do you have a personal connection to either of those cities/markets?