I've replaced a few over the years, each different for different size properties around Idaho Falls, ID.

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.

I try to evaluate a unique property 2-3 different ways, then make a highly educated guess based on my knowledge of the market.

I love going out to try new drinks and try new food.

How would the situation differ with a home that’s never been a STR but would become one, or a home that’s for sale now that is a current STR.

Duplex have different zoning that may permit additional units.

Now, of course, every market is different.

You have he ability to connect multiple accounts if you would like to setup different properties like this.

Helocs have many different ways to calculate income once you get outside of the bank world. 

Right now real estate is a different ball game.