That being said, booking.com had a high occurrence of fraud so we no longer use them.

A high occupancy does not guarantee the lost revenue.

I've decided that finding "deals" in Arizona is unnecessary as there are other markets that one need not search high and low to find something that can produce a decent cash-on-cash return.

Quote from @Kaaren Hall: Was going for the best cost-of funds (lower rate)@Kaaren Hall So you were less concerned about your annual cash flow/return (IRR)? 

Assuming it's worth $65k, that's a return on equity of 15.7%.

And you can be a landlord that gets a very poor return because they haven't utilized their space well by changing the layout.

Upgraded the backyard and re-styled and provided high end furnished to the home What was the outcome?

Rents seem high and in demand as well.

Regardless of what approach you take you must find an avenue that would yield a return greater than the cost of the HELOC.I've been in this position and chose to buy investment properties in the Milwaukee WI market.

@Connor ChatlosDenver and Chicago's high property values make multifamily properties ideal for house hacking.