Any LTR operator knows that a lease offers some legal protections to the lessor, and this includes financial obligations on the lessee.

If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Dave Ramsey is proud of you ;)There's no 'right' time to pull out the HELOC bc its a floating rate until you draw so it might be 9% today and 10% tomorrow and 8% the day after.

They're unlikely to do that unless you can prove financial viability on your own. 

@Loan NguyenRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

By comparison, liquidation of these properties today would yield a slight loss.

@Deal H.I want you to get in the game too, I just want you to do so from a place of financial strength. 

We would financially not be able to complete the project. 

By investing in properties that stand the test of time, you set the stage for financial success that can be passed down to future generations.Now, listen up, my aspiring real estate moguls!