@Jerry Shen ahhh, if you're talking commercial lending, that's a whole other animal. 

Because if you think about it if it appreciates 400k over 15 years that's a long way off of eating 9k in cash flow.

Using a HELOC can provide you with the necessary capital at a lower interest rate to fund your next projects without leaning too heavily on hard money lenders, which can eat into your profits.Here are a some actors that you would want to consider:1.

And even if the tenants chooses to stay in your property for 2yrs, the damage they may cause will eat away all of your cash flow and leave you potentially upside down.

I don't eat out a lot or go on fancy vacations (I do travel), I don't buy a new car every 4-5 years (I do keep it up, but my first car was ~20 years old when I traded it in this spring). 

Wolves trying to eat the sheep. 

While the RentRedi's loaded with various toggles/buttons and affordable given the all-you-can-eat pricing, the interface is still very elementary and lacking in usability/design, which is often overlooked as a key determinant of whether your team actually adopts and fully leverages powerful management solutions like these.

One capex issue or tenant turnover is going to eat up years of "cashflow".I would advise you to work on getting a smaller number of high quality units rather than scaling to 20.

If you want to establish a long term relationship with someone who lives eats and sleeps creative financing and loan products - I recommend getting in touch with a well-versed broker who manage the relationship and introduce you to competitive products in the market.

I have 29 of them and rarely have any turnovers which are a pain and eat up profits.