HELOCs typically do not go above 75-80% of value and since the property was purchased recently they would not see that equity unless you did some major rehab to the property.

Keeping all properties occupied 24/7 is crucial.

It seems like a great idea to get your license and use it to invest into real estate, but without the property mentorship and guidance you could find yourself saving 2-3% on commissions, but ending up with a much more expensive headache. 

Just closed on a couple of properties a week or so ago.  

Nevertheless, if the RAD investors  actually had loans  collateralized against property they would be in a much better position.

Whether it be cleaning their properties or doing manual labor.

I get what they are trying to do here, preserve 2-4 unit properties and discourage deconverting to SFH. 

I did another one were I paid 240k for the property and a developer swallowed us up in 18 months and we sold for 970k.. without doing much to the project.As Cody mentions this is not for everyone and I would say very few could do this in reality. 

Michael had built his portfolio from the ground up, starting with a single rental property.

Why borrow against an investment property at a higher rate than you can against your primary?