I store some funds in a HYSA as well as lower risk investments.

Your entry points are different if you are living there or not.

I can tell you as a Banker it is much easier and you will get a lower rate if you do a cash out refinance versus a Heloc in this market.

Of course then covid pushed rates even lower, which of course because no one wanted to borrow money with that kind of uncertainty.   

     * House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA     * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?

It's a combination of tight capital markets, slower-than-expected distributions, and debt service payments that current revenues were not keeping pace with.Are you able to restructure the loans, albeit at a lower rate?

If your rate is lower than what you can get by investing, taking account for risk, then pay the minimum.

How does this impact cash flow compared to states with lower tax burdens?

If it sits vacant for months at a time, the data model gets recalibrated and they'll tell you to lower your rent calibrations, but maybe what it needs is someone to tell you "you know what?

I'm in Northern Nevada and there are vast areas where you can get away in the mountains with a lower wildfire risk.