The only "cost" to this strategy is the difference between my mortgage rate and my HELOC rate (eg. 4% vs 6%) to have the meowny in a different vehicle.

I used 2 vehicles I owned as collateral for the down payment.

The end goal is to have have to have enough parking for a single vehicle per unit, to separate the water and electricity, and to convert the single family into a duplex. 

Also, I need the living area to be at least 7ft off the ground due to 100 year flood plain so thinking lower area would be for vehicles. 

As a fellow car enthusiast, squashing my desire to purchase a new vehicle is a battle I face almost daily.

You can get better interest and longer terms in your personal name but it creates higher DTI for when you want to make a purchase such as a vehicle or personal property.

To me... taking 1 hour out of my time (including driving time, coordinating, correspondence), paying for gas and vehicle maintenance to drive to properties, taking videos, taking photos, filling out a property checklist, compiling it all to email it forward -  for $20 doesn't really make sense.

You need the right combination of revolving debt, personal loans, vehicle loans... and in the right amounts and obviously with good payment history.

I have the top blog post on the Member Blogs page for this month arguing that if you're looking for cash flow, real estate is not the optimal vehicle (although I am a real estate investor and am buying real estate, as well).

I'm a local northern Nevada real estate investor looking to build up my network more, let me know preferred investment vehicle and what you can bring to the table (I.e. skill/trade, money, investment, ...) and I'll see if I can find a fit for you.