Better to build your own equity through the debt pay down, enjoy the tax benefits of ownership, and garner the equity of an appreciating asset.

So, in this case, you get the best of all worlds - enjoying the most favorable cash flow situation that you can muster (the less you're dipping into the HELOC the better) - but if you pick the right opportunity you will also get the chance to actively manage some value add project(s) to a property that you're already living in.If you're married to your current house and living situation, fine. 

Glad to hear you're enjoying yourself here thus far. 

Enjoy the ride.

If you enjoy going to the bank to make your deposits then you should continue to drive to the bank to make your deposits.I suspect most of the Tricks of the trade will be items to either save time or money. 

I would definitely buy REO again, I enjoyed taking the house no one wanted to touch and making something beautiful out of it.

Enjoy!

This year has been a world wind and we have enjoyed every minute of it. 

I really enjoy the community.I am living in NYC.

I applied for a Cash Out Refinance with the bank that holds my mortgage.In an effort to actually enjoy my life and spend time with my 1 year old son as he grows up, I left my job at a Fortune 100 company to own a business where I make very similar money working about 6-8 hours/week instead of 60-80.The next step IS real estate investing.