Trying to balance out cash on cash and overall house value over time.Thanks again Have and had are the two biggest factors here. 

They see the lower rent and don't factor in the extra expense. 

If you bought it in the last 2 years, you may just be seeing the result of the property tax assessor factoring in the new value of the sale. 

Hello Everyone,I was talking to an investor in regards to financing and his suggestion was to get a 500k loan to put towards all current debt, but wasn't sure all the factors that may be implicated with going this route.My current portfolio has 2 properties (1 LTR, 1 MTR = 370k), and current debts: HELOC at 54k and a vehicle at 40k. 

Factors such as competition, food trends, lack of management, ingress etc, can close these stores. 

That will give you a better idea of your true interest rate factoring the closing fees. 

I don't think your mortgage factors in at all. 

I'm wondering how a lender factors these rental properties in to my ability to get a  personal HELOC? 

Just based on this number I would tell you it is a terrible market and Jason is completely inaccurate. cape and lehigh are poster child for massive subdivision built in the 50s 60s that market has been a yo yo ever since.. lot prices go down to 10k in lehigh when things are like now and then shoot up to 40 to 60k when you have a building boom like 3 years ago with outside sales influences. 

Deciding whether to hire a property manager depends on several factors, including:Your Availability: Do you have the time to manage tenants, maintenance, and legal issues on top of your existing responsibilities?