Gutted the kitchen and dining/living room area.

I have about $80k in a HELOC on my current home where I live.

We live in San Diego so would be long-distance, TBD if we self-manage or enlist a PM. 

Apartment buildings, assisted living facilities, self storage, restaurants... 

Slow live in flip happening here. 

2) If you do owner-occupied cashout refi for best rate, you technically have to live in the home for 12 months before renting it out. * Some responders here may suggest not worrying about that and renting it out anyways.

@Jerry Zigounakisi'd pick a market close to you, or one you have strong ties in, rather than trying to get to one via math.can you invest where you live, or 1-2 hours from where you live, or where you like to vacation, or where you went to college, or where you plan to move someday?

When I tried to get it when my side of the family found out and tried ti take over reverser mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

@Don Miller I live in fort myers beach.

I currently live in Michigan.