Can you then decide to list and sell the house two months later...yes.

The only times this makes sense is if you are in a really hot market, especially seasonal ones where you might have 100% occupancy for the summer months or something.

Gross rents are $1,250.00 a month and we have a two-year lease in place currently.

I have never had to wait two months to participate in any real estate or webinar, or any other class for that matter, except registering for my undergraduate degree, and felt right away that something was amiss!

The original six month tenant I had extended the lease 9 times and stayed a total of 5 years, paying me about $15k over market rent annually.  

I resided in the home until summer 2020 (total 2 yrs 9 months) and then deployed overseas for the next 4 years; selling the home in June 2024.  

I have 2 options:- finance the construction pre-selling the apt, and take my profits (expected to be around 700K pre-tax); or- finance the construction with a 6-7%/year loan (collateral = my house), keep the 10 units, and once the building is completed in 24 months, rent them for circa 180K/ year gross.

He offers really good service, great cost effectiveness, and currently finished one in just around 3 months. 

Hey, I went down my usual list (all local credit unions) that had the best rates 6 months ago, this one was the best one that I used for my last mortgage. 

Most Heloc rates right now are around 7.75% to 10% so if you look at your blended rate between your fist and Heloc you would be better off doing a cash out refinance.A lot of people forget or simply do not know that if you do a cash out refinance the rate does go up but in 12 to 24 months if you do a "rate and term" refinance you can get it back down fairly close to where it was at prior.