But great location, has water, electric and water nearby, close to the highway.

I believe in finding a local property property manager in close proximity to my properties.

You don't say where you are located so I say start close to home and work from there. 

For a $1,500 SD, they would most likely ensure an amount close to $2,700.From my perspective, we should never move in a tenant who cannot afford their security deposit.

It probably won't come close to $150K.Run the numbers if you put the profits into a savings account paying 5% interest and see how that compares

Unless you have a specific monthly target for your payment you can spread that out to make it a Win/Win.There has been a lot of growth in Denver over the last 2-3 years and new builds as well I just closed on a home for a customer in commerce city they also moved from CA and needed a fresh start. 

Thanks,James The only reason you could not keep the HELOC open is if there is something in your original loan documents saying the loan would close once it was not your primary home anymore.

Luckily, we were able to make it work even with no down payment (I did have closing costs, around 20k) and full seller concessions. 

Hi Paola,If you are looking to buy another primary, looking to put the property into a LLC, may be changes in your income/job, looking for faster/smoother closing, DSCR could make more sense.

Hard money lenders are going to want you to have success and will often times help you see if your numbers are close or way off.