Since purchasing the home, housing market in my area has declined about 20%.

Purchase price will be around $400-450K. 

Purchase price: $171,000 Cash invested: $29,000 Small 600 square foot cabin tucked away just outside of the quaint city of Ellijay GA.

Were you able to purchase umbrella insurance for your properties? 

Learn of course, but many of us have purchased properties throughout our career without "iron clad" veils and have done just fine.  

Purchase price: $160,000 Cash invested: $35,000 Another 1% single family deal in a transitional area creating long term wealth

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.

Purchase price: $101,000 Cash invested: $25,268 Sale price: $202,000 This was my first ever solo project.

Our goal is to purchase 1 property a year for the next 10 years. 

They have never purchased a house themselves or flipped a property, but they look great on Instagram/Youtube and here in Bigger pockets, too.