We ultimately agreed on $47,000.We closed the deal in just 10 days and resold the property for $85,000 shortly after.

I'm interested in everyone's opinions on using a HELOC to purchase turn-key rentals for the short term and covering principal paydown across all new mortgages / loans ( HELOC ) through excess income. 

Leaning towards short term rentals to start then transitioning to long term for less stress over time.My goal is to have 'passive' income equal to double the national median salary.now my questions for yall.1. does all of the above make sense?

This way, you'll have access to liquidity without the headache of managing separate loans and fees.Predicted Refi Rates: While no one can predict rates with absolute certainty, the general consensus is that rates may stay lower or remain stable in the short term, barring any economic shifts.

I bought a SFR and then shortly after a duplex.

We served the second tenant shortly afterwards and once they saw how the other situation played out, my wife was able to work with them to get them out without going through an entire eviction process. 

We are in the middle of major infrastructure and RE growth (res and comm) and need to know how best to handle the property we are on from both a short time and potential long term investment perspective.

@Jordan Sachs I feel that $3000 is short money for an easy fix to the problem.

We were looking for one because a tree fell on our Short Term rental.

The upstairs is approved for short-term and long-term rentals and has a kitchen, bathroom, and a Victorian room that could be a bedroom.Notes:-There are three vaults, one on each floor.