Check your local laws to see when rent is actually late. 

Hi Katie, I’ve actually been thinking about exploring smaller acquisitions like duplexes, triplexes, or quadplexes as a starting point.

I applied for a HELOC and when they ran the title it came up that the 8k grant is actually a second "soft" lien against my property that will go away after 5 years which prevents this bank from allowing me to have a HELOC.

Sure, you could be fully occupied today, but if you’ve got a week of downtime between tenants, your yearly occupancy for that unit is actually 98%, not 100%.That being said, I know there is a sweet spot for LTR and STR and I assume there's a sweet spot for MTR.

That's actually one of my pieces of advice for you... learn how to do your own book keeping so you know your P&L in real time at all times. 8) Hard to say without knowing the value of the place, CC&Rs, as well as any HOA fees/dues. 

It's people like you who cause folks who would actually benefit from an ESA to be painted with the same broad scammer brush. 

Without actually building the 3rd unit, would this new triplex eligibility increase my property's value? 

It's actually the best strategy in the Nashville area if you can build an HPR yourself and own both, STR the other side. 

I'm actually just interested in wholesaling at the moment.

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.