I am aiming to move to NY in December/January.

So we are ramping up to make our next purchase hopefully in the next 6 months.My goal is to at least supplement my retirement with rental properties, but would love to be able to someday get into investing full time and stop working for the man.

You should always aim for positive cash flow.

On my property itself, my interest rate was so low that the tax returns at the end of the year and only getting 25%ish of it back (my tax bracket) was not extremely interesting; it was a no-brainer for me to contribute extra cash toward the note and aim for getting the HELOC.

In order to buy down the initial rate for the temporary payment, a lump sum is paid and held in an account used to supplement the borrower's monthly payment.

Usually, you continue to pay the preferred return until you sell, unless you have "debt investors", in which case, you will pay a fixed interest rate for a set number of years, and at the end of the term, you owe them all of their capital (which you do through a refinance, supplemental loan, or sell.).Acquisition fees and asset management fees are also typical.

I get it.. and I have no clue as to Brad quality of education.. like I said the name just popped into my head.. so please disregard my comment was not aimed at him or his student particularly just sharing my personal thoughts. 

Eventually, find value-add deals (even if you might need to supplement with HML money) that you can rehab and place a tenant, then refinance, allowing you to recover all the money back, and repeat.

Conventus aims to work with borrowers to help them achieve their goals and complete the vision of their projects. 

So I would supplement my income by flipping cars.