In general, a lower cap rate indicates there is less risk associated with the investment (due to increased demand) and a higher cap rates can be associated with higher risk alternatives."

@Blair Boan I do not have an answer to your question of which choice you should make, rather I would like to persuade you to an alternative path.  

The bank that owns my mortgage will not do a HELOC in my state so I'm looking at the best alternative. 

Others will suggest alternate paths but all require more work and more time.

Hi Everyone,I am looking for some possible alternatives on paying back a private money lender.

Too often I have seen the true cost blurred by tax credit and other financial perks.Hence why energy efficiency was being encouraged over alternate energy generation above.  

I not by any means an expert, but I would suggest having alternative outs planned for anything you might buy for a student rental in case a project doesn't pan out.I've recently found the Tallahassee Investors Network and those guys put together a great gathering once a month that I'd highly recommend you make the trip over for.

Alternatively, would a lease-option work better?

If not, and the umbrella policy costs less than registering the LLC in RI, it is just another alternative you may wish to consider.

I’ve been waiting to see if my new property would consistently produce cash flow as well as needing to finally finish my NRC exam to obtain a Reactor Operator’s license for the Watts Bar Nuclear Generating Station here in East Tennessee.