Therefore your main competitive advantage is price.

I might use the HELOC as an emergency fund knowing if I tap into it I now have to aggressively pay it down.Then main thing is you don't want to overleverage any property and if you use a second mortgage to buy a property, you are essentially 100% leveraged on that property.

I would not go with a brokerage whose main focus is SFR.

Suited homes are about $450+K looking at some PM companies, you'd get about $2K in rent for the main floor and $1.2K for the basement.I also have places in BC.

I know one of the main qualifiers is it has to be owner occupied - which is fine.Will there be any issues with this second purchase being in the same town as my first MF home?

An activity is a rental activity if tangible property (real or personal) is used by customers or held for use by customers, and the gross income (or expected gross income) from the activity represents amounts paid (or to be paid) mainly for the use of the property.

That's the main reason why I wouldn't worry if there were no hits in the first two days.

. $219k - now $500k market price in very southern Maine/NH border.

Hey Zach my main goal is to find a partner to work with.

I live in Maine where short term summer rentals are in huge demand.