So all in, including closing I'm looking at +/-$85k.5) comparable properties in the immediate area are renting for $900-1,100 per month. 6) I am purchasing the property using my current HELOC, which has a variable rate (4.5% last I checked, probably lower now since the Fed rate dropped again since I last checked).

FED pumping $4 Trillion this week, WTF that has never been done.

They have been guaranteed by the Fed that their loans will be reimbursed by the FED if the notes fail.

Recessionhttps://www.ocregister.com/2020/03/16/coronavirus-pushes-u-s-into-recession-california-to-be-hit-hardest-ucla-economists-say/Oilhttps://www.biggerpockets.com/blog/coronavirus-harm-real-estate-market-oil-price-warCovid-19https://www.kcra.com/article/newsom-more-than-half-of-california-projected-to-contract-covid-19/31791343#We are in a systematic designed destruction of the world economy, the FED [and all central banks in the world, follow same gameplan] is going to become the buyer and seller of last resort.

We are looking for a 3-4 unit property with at least a small plot of grass outside.

We are looking for a 3-4 unit property with at least a small plot of grass outside for long or short-term rentals.

Grass cutting, tree trimming, building maintenance are each a business expenses and lower my tax burden.

I guess the question is, post the 150bp of emergency Fed cuts, are you seeing 3.5% IR on fixed or floating with 5yr term and 25-30 yr amm?

Is it now prime + 1.5% for a Heloc on an investment property through Pen Fed? 

Rent, mortgages, other business/personal loans, various industries "bailed out", the fed "injecting" money into various markets.