The problem with that is that now you're no longer tracking what you've paid to actual vendors, so you lose the ability to issue 1099's and know what you've paid who at the end of the year.  

If you raise 5% and lose a month you will have a net loss.

@Rafael Ramos All your goals contradict each other:(1) Cashflow: buy Class C & D properties2) Appreciation: buy Class A & B properties3) Low Crime: buy Class A & B properties4) Why would you want your investments to lose money to lower your taxes?

People like to use HELOCS especially now, if they have a very low interest rate first position mortgage, in order to tap into that equity without losing the low interest.

Sometimes we see large amount of equity in a primary residence that can be borrowed against, even in 2nd position if it has a great rate that you don't want to lose.  

For property owners, would selling off some of the property’s income rights (without losing ownership) make sense in certain scenarios?

You are LOSING money because you didn't even raise rents to cover those increases!

Have you ever heard of a Landlord being sued by a Tenant and losing property?

A law degree does not mean you know anything re wraps.If worse comes to worse, you can stop the foreclosure with legal action - it costs some but you will not lose your equity.I would not throw the baby out with the bath water re doing wraps and I do hope all works out for you.Reach out if you need a referral to a good AZ attorney to helpBe careful out there guysAlan Not to be too blunt, but you are handing bullets to a six year old with a gun.

You'll be competing on price with owner occupants who are not running the arithmetic like an investor, so you'll often end up overpaying and losing out on any potential cashflow.I'm also 25, and it's great to see other young guys getting started and building wealth.