Examples include the (potential) new FBI building in Greenbelt, the (potential) Purple Line, and new developments all along East West Highway and Baltimore Ave. between College Park and Hyattsville.Just my two cents. good luck out there!

My home is walking distance to a commuter train and close to all the major highways in the area (rt 80 46 23 3 287...)

A 3-unit property became available recently, which intrigued me primarily because of its location (highway accessible, proximity to major city, and proximity to new 500-employee office building).Projected Purchase price:  $150,000 Initial costsDown payment: $37,500Closing costs: $7,500Initial renovations: $2,000$47,000 = Total Initial investmentMonthly rent: $2,025 (total from 3 units)ExpensesMonthly taxes: $186Monthly insurance: $63Monthly utilities: $255 (sewer, water trash)Monthly management: $203 (10%)Monthly maintenance: $203 (10%)Monthly vacancy: $169 (1 month of rent)$1,078 = Total Monthly Operating ExpensesI am planning on using a HELOC entirely to fund the purchase of this property (down payment, closing costs, initial renovations).Debt serviceMonthly P&I - Primary: $586Monthly P&I - HELOC: $285 $871 = Total debt repayment$1,949 = Total Monthly ExpensesMy thoughts/questions:In this scenario, the cash flow is next to nothing ($76/month).

You will be asked to tell each lender all the outstanding debt you have so they can scan your liquidity.

The key to all of this, in my opinion, is that you have an outstanding property manager.

The monthly payment due on the heloc is 1.5% of the outstanding amount (about $375 currently monthly).

Most plans have a provision that if you want to pay it in full, you have one chance by either sending in a certified check for the funds or by ACH transfer from your checking account.The danger with this strategy is if you separate from your employer (quit, get laid off, etc.) then the loan must be paid within a given period of time (30 days) otherwise the outstanding balance of the loan will be considered a distribution and you will be taxed on the outstanding loan balance and you will have to pay the 10% early withdrawal penalty if it applies.

Outstanding!!

Their premium is probably WAY higher than 1k, unless they have outstanding insurance, which these days isn't usually the case.)Your annual premium sounds standard to what I received. 

Outstanding for them!