@Keith Groshans, consider a real estate debt fund and reinvest the monthly dividends.

Depending on your debt to income, you might have to sell or have an executed lease to secure financing to buy the second home.

If you want to swing for the fences, that 3 yr, value-add deal with floating rate debt may be the right fit.  

Ultimately, a do a little bit of everything in the residential space depending on the deal I find, but either flip paper (wholesale), flip houses (remodels) or flip the debt (buy and holds).I am looking to connect with as many of you as I possibly can while adding just as much as value wherever I can! 

It's effective interest is similar to Mezz-debt at current rates but a bit lower.   

for me, the ones that cashflow the most are the ones that I bought with 3% long term debt, they were new (low maintenance) and they are in high appreciating areas(just a bonus but does not impact cashflow).

This should be able to help out your DTI assuming 75% of the market rents can fully cover the monthly debt. 

Those that own it can be harder to sell as the cash flow from the business will cover the debt service for the business, but not for the real estate.Example: I had a very high-end assisted living facility on the market. 

Hey Daniel,With that $500K HELOC, you’re in a great position to leverage it for a multifamily property, especially if you can find a deal where the rental income covers your debt payments and builds equity over time.

Debt reductionLots of people only consider the first option. " I am not putting any money in to my pocket month over month."