I'tll still show up as an asset and the loan against it will just blend in with your other stuff on your financial statement.

This is a real estate site.What are your thoughts/comments if you have a mix/blend of other investments?

If you intend to use a seller carryback for the 2nd you'll need to blend this rate into your loan constant and verify your lender will allow the seller to carry subordinate paper2.

Don't cheap out and wait for that Government mandated "freebie" blended score thingy.

Congrats on the "good" type of problem of which job offer to take...An angle you might try is to take the best job, on its own merits (pay, advancement opportunities, benefits, etc), then leverage a solid W2 and good credit into a 2-4 unit property (owner occupied) to blend a full time job with part time real estate investing....Best of luck!

The blend can also be between those purchased with upside (appreciation) and for cash flowYou can then do some tax sheltering to mask W2 income and keep more of what you earn.

lol  In 5 years time you have rental increases typically of 10% to blend cap rate up plus you have mortgage paydown so even with resale costs you tend to come out ahead on a 15 year lease.You can have various types of NNN that can cap rate compress some too due to type of tenant or the location is super strong and gets even more desirable as time goes on.There are some buyers that want ultimate security for location and they will pay 3 caps for that.

Actually, I would fix any bad areas and then coat the whole house to blend the repairs in.  

Take amortization back out and look at what you actually have going on: Property A = $2,629.99 (your profit % = 0.46%) Property B = $3,105.15 (your profit % = 2.07%) With your equity idea: Property A = $23,404.94 (your profit and equity % = 4.06%) Property B = $9,116 (your profit and equity % = 6.08%) The rate of earned equity is a function of the blended interest rate of the two loans, the blended rates are as follows: Property B Cost of Funds = 7.23% (the entire LOC) Property A Cost of Funds = 5.70% (LOC + Seller Loan) At the end of 10 years, you have paid down both sets of loans: Property A = $208,595 or 63.84% of balance Property B = $50,577 or 67.28% of balance Less interest in rate, will be less interest paid over time in aggregate however, it will also slow the rate of principal reduction as a function of amortization.

Make sure your house blends in with the neighborhood.