The catch is, her job dictates where we land, so I'm unsure of the exact market yet.That being said, I have two main goals:Get started with my first few deals: Ideally, I'd like to invest locally (whichever US city we end up in).

One of the main downsides of using a HELOC is that it typically comes with a variable interest rate, which means your payments could increase over time if interest rates rise.

I mainly would like to expand my portfolio using the equity but am hesitant to refi because my current rate is 3.3%.

The main goal is of course to omit my personal housing cost each month as I will be returning to college. 

The underwriting is based primarily off of the property, not you as the borrower so the main factors evaluated are property value, DSCR ratio (cash flow), LTV, and FICO.Also, I am from Boston and know the area well.

I went down this road a few years ago and ultimately landed on an out of state market for STRs (Maine).

Fully Equity Partnership is mainly used when flipping Houses. 

The property has a large 2-flat main building (3 fully finished floors and partially finished attic) and a large 5 BR coach house.

Hi Alejandro,     we have a Whatsapp Group where we talk mainly about Real Estate investments and we help each other with some related queries or ideas.   

The house has an ADU, we would live in it, and rent out the main house (3 bed/2 bath).