I would think you're either disciplined enough to put every dollar of income into your HELOC (and NOT re-use it until it's paid off), OR you can use use your faster-gained equity to re-invest the paid off portion of the HELOC?

When a resident pays rent late, the first portion of their payment goes to the late fee. 

Hey @Sidney Duquette,Do you plan on going the small multi route or a single family to rent out different portions of the home?

Change your buy box to follow this plan  Or size up or value up with less locations or units.4.  

Census data shows Springfield as #3 in population decline amongst mid size cities.

Unsecured lines of credit are usually smaller but can be large considering the size of your business.

Can I use rate and term refinance to pay off my hard money principal (including rehab portion) until the 12 month seasoning period until I can cash out?

My experience on the forums is that everyone who touts a one-sized-fits-all system is (when you look at their profile) a paid teacher, coach, guru, etc.

Really depends on your loan size, current interest rate, credit score, and value of your home. 

I am debating liquidating a portion of my brokerage to pay down these properties to reduce risk.- Would you refi now or wait until rates drop?