The combination of generating extra green cash with a biz and then investing in real estate for long term weath is the way to do it.

While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

I'm glad it's saved you money, that's great that you got some use out of it.My top challenge is getting contractors to go out when they say they will =) hahahaha reliability of contractor, can't be replaced by some of AI stuffs.Be nice to contractor , AI is just new term for tech guy like us to make money out of new BS.

The platform's main focus is processing mortgage documents in their raw form to extract specific financing terms for all properties in the city.

@Joshua MiddletonI am very familiar with that street, good friend used to rent Long term on it for about 7 years.  

I've got a long term tenant lined up & the unit is a non smoking unit, which the applicant is aware & fine with for indoor.

@Roman Balmakov If you are planning on holding the property long term and have enough reserves to cover even worst case scenarios it could still be worth it. 

I've considered areas close to the Falls, but sellers seem to price it a lot higher assuming the buyer can make it up renting it short term. 

It may work in the long term but can be a painful process.i wish the OP the best and i believe he can benefit by recognizing the value in the various responses but seems unwilling.