Option 2 - Focus on Your Primary Residence:This is a more conservative route but could make sense if the primary home rebuild adds substantial value.

Although getting a Heloc for the cash flow does make sense. 

It should be common sense that if you respect your tenants, understand the culture and provide a positive and enjoyable experiences, in many cases that is reciprocated.

I am looking to invest in properties built in the 1920-1930s and wanted to know if it makes sense to do so?  

This might make sense depending on size of rentals and # of LLCs that are required to file - need more info to help.  

Here's where I struggle to comprehend and make it make sense: So when I go to cash out refinance, the property is appraised at a higher value from market appreciation and rehab.

Did you have any ratios or % gross revenue costs to just get some guidelines on whether the property makes sense as an str? 

Jersey City is hot right now but like I tell my clients the majority of the time I can find them deals that make more sense in Essex County but that depends on the client and what their needs are along with their comfort level. 

While the numbers they provide might make sense under specific conditions, it’s always a good idea to apply a more conservative approach to ensure you’re prepared for the unexpected.For vacancy, the tenancy averages they’ve shared (3.8 years for C class and 6+ years for B- class) aren’t out of the realm of possibility, but I’d treat them with caution.

Chris,Thank you for the response, that makes sense.