Quote from @Timothy Villa: Hey Everyone, I am very to to real estate investing and trying to learn about many of the different strategies.

Your best option may be to increase the rent to cover the additional expense.

Also, because you are at risk if the leasee fails to execute properly, you had best have a great lease and the ability to check on their performance. 

We experienced real estate investors tend to look at most “guru” type training/mentorship as, at the very best, inadequate to provide the new investor with a reasonable pathway to success.  

With your focus in using house hacking, Conventional or FHA loans would be your best options.

Captive agents like Allstate actually have very limited experience.  

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.

Thanks very much for the response.

My client recently purchased a 3/2 single family house for $160k that was near turnkey and already rented at $1900/month and in a very desirable residential neighborhood!

Best regards,Drago