They might not even cover it if they know it is a rental.

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. 

We have many accounts to cover my day job, our properties and our personal finance. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

You'll have a deposit and you can file a claim for anything not covered.

@Sebastian BennettSpecial Method Training Programs focus on a specific strategy, providing structure but not covering all questions or decisions as you grow your investments.

Using your example:ARV = $250K75% of ARV = $187.5KSo, theoretically, you could refinance up to $187.5K, which would cover your $150K (purchase + reno costs) and leave $37.5K in equity.

But these days, it’s hard to find decent properties where the numbers work as far as covering the debt service with rental income. 

Quote from @Tika Sanyasi: @Aristotle Kumpis: I was thinking of being the landlord and managing myself but, was wondering if the distance is too much to cover to do that.