Right now real estate is a different ball game.

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

I try to evaluate a unique property 2-3 different ways, then make a highly educated guess based on my knowledge of the market.

I know for our portal in Buildium owners can log in and run different reports like income statements, profit and loss, general ledger, etc.

@Sean Anthony to us, this situation is really no different than a nonpaying tenant.We try to work with tenants, as "life happens", while keeping pressure on them by moving forward with the eviction process.

No more going to three different stores looking for the perfect faucet!

I work with 2 different PMs given properties in different markets.  

Or said differently purchase twice the amount of houses I have been buying. 

I have my own thoughts on what the differences are, but I am biased so I'm curious -- as a listener to both shows what do you think differentiates the two (or should differentiate the two?).

Does not affect your debt to income for future loans in the mortgage industry (auto loans could look different, but i would think similar so hopefully no worries there).