What I am hearing is you will need to rely on  some properties to carry others.

Soon I'll be purchasing my first ever investment property (Virginia) (MFH) and I honestly feel like I made a mistake.

Going to property tours inspired me to obtain my real estate license in the state of Georgia; and look further into property investing and helping others achieve their real estate goals.

Has your property been improved by getting the WH?

If this is your first property and you are living in it? 

@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.

hey David,As a broker, I have several options if you're looking to only touch the equity in a second position lien on investment property. 

They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

@Tomoko HaleWith STRs its not just purchasing the property. 

The key is not the number of properties.