You're going to start bleeding cash hoping that it works. 

In other words, I'm bleeding money. 

It's death by a thousand cuts just bleeding cash before I make a dime in revenue.

. * [6-24 months] Whenever I find a job and qualify for a FHA multifamily, get that property (with break-even cashflow most likely), and rent the condo at a cashflow loss for a couple years until rent increases (due to high-interest on underlying debt)* [Almost immediately afterwards] At this point, do a cash-out refinance on the condo to pay back the SBLOC (unsure if this is possible immediately after getting the multifamily loan), and secure a lower rate for the condo itself.I know this strategy sounds like loser, as it bleeds money all around, but my hypothesis is:* Underlying assets should grow more than 8.15% in a given year, and I would not pay short/long-term taxes on stock.

When markets change they have a massive nut to pay and start bleeding cash to stay afloat.I see this with large commercial brokerages when cycle sales is hot the champagne is flowing and companies can't hire on people fast enough then downturn happens and they have to merge with other companies to survive or go out of business all together. 

This is because at the current rates, a high LTV property (which is required to extract rehab costs) bleed cash. 

@Michael R. they only offer it because they collect more in fees than they pay out, most all protection/warranty/insurance is a slow bleed, just save an extra $5000 for your reserves and don't pay it to Zillow. 

But no one Knows Nothing, so they could knock it out of the park, or slow bleed money for years.Good luck Aman

I know many love to bleed all over the floor for a person who can't afford to buy a home, but it's no different than arguing to help a person buy a suburban when they have the $ for a Gremlin.

Often a line of credit is not the best vehicle as nose bleed rates that non-owner occupied LOC command.