Total rent between the three is $3200/month.I have an adjustable 20 year mortgage with a balance of $100,000~ at 4.95% that is set to adjust in 2026.I also have a HELOC on that property at $180K~ with a 9.75% rate. 

At that three year mark the rent should be more than the mortgage.

@Nick BelskyI'm not sure why you're generalizing the mortgage conditions in Belize to the rest of the area because they're very different.

It probably makes more sense to invest it than to pay off the mortgage but I can definitely see why someone would want to get rid of their debt. 

I am considering a HELOC on one of my rental properties which has a lot of equity (~350k) and a low mortgage rate.

If anyone has questions about:Seller financingSubject-to dealsWrap around mortgage dealsLease optionsStructuring deals with minimal cashI’m more than happy to connect and share what’s worked (and what hasn’t) for us.

Quote from @Thomas McPherson: That’s a good point about the bond market and mortgage rates.

It’s building equity in an appreciating asset with a low 2.75% mortgage.

My real question is about managment because the reality is Im looking for a property on the cheaper end that i can drop 15000 into and have some cash flow and have managed 

Once you see how much it cash flows, you can divide by your total cash investment to find the cash on cash return, then make assumptions about appreciation and mortgage paydown to find your total return.