Main goal of All In One heloc or 1st Lien Position Heloc:  Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you. 

Prioritize stable cash flow, good location, and manageable property condition, while considering strategies like gradual rent increases, expense reduction, and value-add improvements to enhance returns.

It's just not that hard of a job to do with a system in place and frankly it's too expensive in our opinion.

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.

Include all expenses like property taxes, insurance, maintenance, and property management fees if you’re not managing it yourself.Network Like Crazy: You’ve already made a great first step by joining this group!

It’s above average condition in a good location.

Vacancy is VERY expensive and can destroy returns, especially if you have to reduce rents anyways. 

Advice: - learn to underwrite expenses.  

Some markets can support that expense and others can't. 

I'd expect prices to continue to appreciate, so the longer you delay, the more expensive things may be.