I have experience using DSCR loans that calculate the STR revenue to purchase smaller single family homes.

I’d have a better picture by sitting down with someone at a bank, but I did a calculation online and the new loan on cashing out $130k would still be covered by the current rental payment.

I am new to REI and still trying to understand the REI principles by reading, listening to podcasts and fiddling with RE calculators.

If a student loan is in repayment, or scheduled to begin within 12 months from the date of VA loan closing, the lender must consider the anticipated monthly obligation in the loan analysis and utilize the payment established by calculating each loan at a rate of five percent of the outstanding balance divided by 12 months.

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Obviously not really big deal if he owns it out right, but it will be something you want to consider in your calculations. 

You want to delegate all the mundane tasks to others and focus on doing tasks that only you can do.While you are calculating the costs of all the raw materials, you also have to calculate your salary into the total cost of writing your own handwritten letters.

I also value cash flow with intent to fund a fix and flip as my first primary residence in the next 5 years.I have been analyzing local deals using the BP calculators, all of which leading to me thinking there is not a current future for me in my local market haha! 

Just be sure the calculate in the interest you are paying on that HELOC into the new project.As for banks, my experience has been that many banks do not like to do HELOCs on rentals unless you have a decent portfolio which they then look at as a business instead of a single rental property.

Be very careful when it comes to vacation homes you need to be very experienced to be able to calculate the exact net cash flow. there is so many expenses that you might not understand, in other words you need to do your homework before touching any vacation rentals especially with the pandemic .