.- at year 7 if value appreciated a lot, can i do a HELOC on it and use that HELOC to pay off the balloon - probably not due to lien being secondary etc on helocYes on the HELOC, but it would probably be easier just to refi and pay off the seller, and cash out more money too.Hope that helps and good luck!

You won’t get the metrics like the pay down or the returns on the second note this way but you can get the accurate cash flow.

For the down payment, aiming for 5-10% down balances cash flow flexibility with homeownership. 

Great job turning your condo into a cash flowing asset! 

-If I can get them out before foreclosure occurs then I can retail home and pocket some cash, which is why I'm interested in delaying.

The right market for you depends on whether you prioritize cash flow (Augusta, Columbia) or long-term appreciation (Greenville, Huntsville).

Floating rate loans may help cash flow early in deal, but put a lot of risk into deals. 

If you need $5,000/Mo to replace your income and each rental property generates $300/Mo cash flow, you will need to acquire 17 properties ($5,000/$300).

I am a local agent here in Sacramento & I am a house hacker myself with 2 properties here that now cash flow.

If there aren't any massive physical problems with the property, it appears you can grow income and equity.You might be able to buy this with little cash out of pocket if the seller owns it free and clear and was willing to finance nearly all of it.