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.

There is a distinct difference in the law between short term and long term rentals. 

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.

@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. 

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

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

We have had duplexes with shared water, sewer, and trash billing, as well as shared driveways.The long term tenants act more like owner occupants, planting flowers, etc. and in some cases neighbors think that they are the owners. 

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. 

However, this increases your exposure to risk, especially in terms of vacancy, repairs, or market shifts.