For this type of asset you're looking at the NOI, and calculating that is incredibly important. 

I know there are other financing options, but the question we cannot seem to avoid is whether or not to hold (and rent) or sell the town home.It's tempting to leverage the current equity, move out and rent it - but from what I've read / calculated, it might not be the best return compared to other options.Ideas on how we can get into another home (larger but cheaper) while also (re)starting our REI journey?

You need to calculate your return on equity to see if it’s time to leverage that equity more, you also want to calculate your blended interest rate of the original loan and the the HELOC to see if that’s the best rate or if a cash out refi would be better.If I were you I would look at doing the same move again and buy another primary residence and turn your current house into your second rental.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

BP has some calculators you can use and there are other online tools, like DealCheck, for this purpose. 

If you have sat in on Ari Newman's "How to Use the Financial Calculator to Structure Better Deals" training session, what feedback can you provide?

This combination of affordability, economic stability, and location makes Parma compelling in my research.Taking a deeper dive into the rental market here, I thought this could be a unique investment opportunity because, despite a seemingly low occupancy rate of 23.90%, the rising rental rates highlight a robust demand for single-family homes (SFH), presenting a lucrative avenue for investors like us.The Key Growth Indicator: A significant uptick in SFH building permits during 2022 and 2023 screams a burgeoning market ripe for investment.Property Highlight: Zooming into the zipcode 44134, let's examine a promising investment with this single-family home.3104 Liggett Dr, Parma, OH 44134 On this property, I calculate an ARV estimated between $107,000 and $115,000.

I will have capital gains at the long-term rate of 15% for my first and second interests acquired, calculated as the present value the condo will sell at, minus the stepped-up value at the time I acquired each interest.B.

View report*This link comes directly from our calculators, based on information input by the member who posted.

If your rents are strong and the Loan Officer calculated your rental income well, you should not have an issue qualifying for a HELOC on a primary.