Hi Joe,Using a Home Equity Line of Credit (HELOC) on your primary residence can be a practical and low-cost way to fund flips, especially since the terms you mentioned include only a $200 yearly fee.

For $50,000 you can have a turnkey low-income Section 8 rental property that generates $7,500/year in NOI.

If you've got people fighting over your listing and competition trying to get into the unit, then you're too low.  

More competition equals less income per cabin.It's possible you can grab a cabin at a low price from someone who bought at the peak in 2022,  Just do your homework and be sure you can make your ROI before you enter this market.

Population growth, job diversity, and low DOM (days on market) are significant indicators.

A few showings, one low ball...but this time of year in that area, things just slow down. 

So the Janitor usually wins, defined as making more passive income than your expenses, because his expenses start off so low and stay low.Unfortunately, after you play it a while, you get to know what to look for, like when that one stock becomes available for, I forget, $3 or something ...

And at the time I considered them low rates.

And Sec8 sounds great, but comes with it's own issues.Add it all up you get a low dollar, but high headache strategy, which is a challenge that gets amplified, especially when you are operating remote.

With good credit and a relatively low LTV, they may price comparably.