Quote from @Collin Hays: I visit fairly often with investors looking at a certain vacation rental property to make an offer on.  

The amount of equity I call pull is less than the cash I have but not significantly less.When doing this analysis it struck me that it may not be worth using a HELOC for the simple fact that the interest rate is ~9%* while the funds in my high yield account are only yielding ~5%*.

I use Reps and Maison

The best use of AI in our industry is to use it for re-engagement of follow up leads with the outcome of setting an appointment with a human being.

This convenience and leverage can justify the higher cost of these loans.Personally, I prefer using a HELOC because I only have to apply once and can then tackle one or two projects at a time.

Does this approach seem reasonable, or am I undervaluing the property?

Most don't use them all; some fill them themselves with their preferred coffee or tea.  

What is the best strategy to leverage this for my goal?  

View report*This link comes directly from our calculators, based on information input by the member who posted.

that OR consider buying a property you could short-term rent to people who literally just want to visit the casino if it's a large/decent one.