@Keith AngellFrom my experience, both a HELOC and refinancing have their advantages depending on your goals.

It all depends on what your requirement for cash flow is.

It will likely depend on where you are looking. 

Curious if 1031 Exchange laws vary by state, or if it is just federal legislation.

Hi Kmsuea, it all depends on your commitment to actively looking for and purchasing a property. 

This also depends on how are you calculate cash flow and what you're using to discount for expenses.

There is a not so inexpensive fee - anywhere from 5k to 100k depending on the program and they take a % of each deal. 

There are definitely some solid strategies that work well here, depending on your goals.Are you leaning more toward a traditional STR, or are you open to rent-by-the-room or medium-term rental strategies?

@Cynthia Lee it depends on your state and local laws.Here in Michigan, we can accept partial rent payments up to the Writ status and have it not affect the eviction process.

Quote from @V.G Jason: Quote from @Chris Seveney: Quote from @V.G Jason: A bit of 1c depending on inventory and 2.