Even if you go down the road of the math with your average daily balance and the effective rate on the HELOC, you're getting to the point of slicing hairs (reference:  Pareto Principle or diminishing marginal returns, your choice). 

Slice is app-based and you can get both a quote and a policy in five minutes. 

Just a few notes on happenings in our slice of the country - feel free to reach out if you would like to discuss the topic in more detail!

Hey @Ian Skjervem - lots of good questions - the reality is there is no one way to slice this cake. 

I was able to slice and dice the financial data.

Account ClosedYour post is such such a foreign concept to those that do not live in the Bay area... and or understand that a 1950's 900 sq ft home in Palo alto is worth 1.5 million.. for that money in the mid west say Detroit that would buy you literally 100 homes that will rent ( if you can collect the rent) but I will just surmise you can.. for 700 a month and so cash flow would be 100k a month gross were in the bay area that same Palo Alto 1.5 mil home would rent for 5 to 7k a month again our MId west friends will gasp at those numbers.So you can see why folks go East young man go east

You listed Colorado, very tough area now, too many people looking for a slice of the pie who have little experience.  

Conventional residential financing is a pretty big win, almost anyway you slice it. 

Location is fundamental however you slice it.

I believe the general feeling is that since maintenance is a small slice of the equation, and that most maintenance is caused by tenants and not the property itself, that property age is not a big factor.