The gray shaded areas are economic recessions.We have seen unprecedented monetary policy at The Fed...like...the government has NEVER printed this much money, or even close to it. 

I should add that the lease that the tenant signed states that the tenant shall: Cut the grass and maintain the shrubbery.

I have a fear that rates may increase significantly in the coming years but he reasoned to me that the fed at this point in time will never let that happen again because it would price the population out of housing very quickly monthly payment wise and basically RE prices would have to tank to compensate for a high increase in interest rates which would create additional problems that he explained more in depth the fed would not allow.

The Fed has threatened to raise rates as soon as March 2022.

Pen Fed is the way to go for the HELOC.

you will need to have a set of criteria you apply to all applicanants, for example (and just a number here) credit score above xyx, job held for over 2 years, 3 references, employment verification etc, income at least 3xrent  what is your criteria for your area and the value of the house you are trying to protect.Let them mow the grass, but if this is a nice home in a nice class B or class A you might want to service the lawn and put down weed preventer, etc when appropriate. 

The Fed rule through OSHA was rejected in the courts. 

@Andrew P.  1) as  2022 is almost  here -  consider  completing and filing the 2021 tax returns asap  and  consider having the  schedule E  for the  rental income  show as much of a   positive  net  income as possible  ...this   might  increase your tax  exposure for the year but if the  result  is  that you will be able to line up a  HELOC on your primary  property , it could be worth it 2) a  traditional  cash out  refinance  will  have the same  issue   of using the tax returns  for the  qualifying ratios  - the LTV  ( loan to  value ) for a OO triplex  isnt  very high 3) recent FED  announcement  - 3  seperate  .25%  increases   expected for  fed rate  in  2022  - this means  HELOC / prime rate will increase  by the same  amount when  these increases occur 

Banks like Navy Fed are very difficult to work with and have super long escrows (30-60 days on average).

"The Balance" is not journalism it is advertising.Lehman's failure rocked the Fed.