.- **Subject To**: You're responsible for maintaining the original mortgage, including escrowed taxes and insurance if they’re part of the loan.

Rental income is about 4800/monthly....David,If I'm understanding you correctly, a DSCR loan could be a fantastic and elegant solution for this creative financing situation.

Thanks James,you would know what a specific tenant voucher pays during the screening process correct?

Asking in the correct forum will get a better response.Need a spreadsheet or form?

And while it is not the sexiest, maintaining your W2 job and working hard to get promoted and earning more, even if that means changing jobs every few years, is often times a faster approach to create investable income.  

i would assume it's extinguished as well given the junior lien it is Georgia is not a super lien state where HOA can trump a first mortgage - you are correct

A tenant who fails to maintain a rental property could end up costing you more in property damage and court fees than the amount of rent they're paying you upfront. 

Could someone please advise an actionable step or game plan I can follow to tap into my equity correctly (if that makes sense here) whether that's HELOC, Cash-Out or another strategy?

@Connor Hibbs thank you..you are 100% correct.

Do you maintain the correct types of insurance and adequate amounts of  insurance?