A HELOC is powerful tool that should be used in specific situations.

@Chris Witham Bigger Pockets has lease templates under the tools tab at the top.

would not surprise if younger kid would go back to live w/ their parent, would not surprise also if househacking would be more relevant as that's the only tools for homeowner to go against job losses ..... life may go to normal in 2025.

Also a seller concession is a good tool to reduce closing costs and carrying more than necessary on the primary. 

@Cole Payton A HELOC can be a great tool but it is totally different than a DSCR:- DSCR is a debt service coverage ratio loan where the bank says we will lend 80% LTV and the rent must be 10%-15% above your monthly payment. 

Get pre-approved for a mortgage, conduct site visits, use analytics tools, network with investment groups, monitor foreclosure listings, and look for areas with long-term growth potential.

Quote from @Caroline Gerardo:  Servicers have data tools that run all the accounts and flag ones where insurance or title is not a match.

I have found time is better spent building tools to quickly analyze & procure new deals, rather than hyper-analyzing the metrics of one deal, ultimately making initial review faster & more reliable (spend time on the things that make sense, quickly remove things that don't, even junior-level staff can identify good opportunities with the tools, etc).For example, if I'm modeling a SFR to 3-4 unit scheme, I can quickly check the $/sf/mo for each of my proposed units and get a good idea of the GOI without having to manually dig through &  find rent comps in that City/Zip:- So instantly I know in Woodland Hills that a Studio is close to $5/sf/mo on avg, 1 Bedroom closer to $4/sf/mo, with the 2 & 3 Bedrooms closer to $3/sf/mo.

Again as we have reaffirmed in our business; there are far more effective products and tools available for ultimately far less money.

What other tools do you guys use?