I think you should be paying about 10.5%-12% on average right now, 1-2 points as well, and some lenders will not even need an appraisal.

I stayed in touch with all of my investors who bought off of me to see how well they did and my biggest joy was when they returned to buy more or told their friends about me and what I do! 

As well as UN-realized expenses.

Yes, Im thinking about using them for a flip as well and would like to know if anyone has used them and what were their experience.

Well, they are very efficient.

I am in the Port Saint Lucie, Fl market and i have an airbnb that is doing quite well from an income perspective. 

@Shaun OrtizThe BRRRR is alive and well.

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

However, most of these properties still cash flow well (or enough to cover PITI). 

Sacramento metro by contrast is more friendly, and there are some areas we target here that do very well for STR.