The post was trolled and then moved from Tax section to Classifieds section by BP.... 

I do a procedure every year at tax preparation time. 

Main goal of All In One heloc or 1st Lien Position Heloc:  Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you. 

15 year fixed mortgages are very underrated a 200bps spread is enticing as well as lower transaction costs.  

What if they build just outside the city limits, so they are not paying city taxes?     

. $700/month HOA fee may deter buyers, elongating your resale timeline, and could push your ARV closer to the lower end of your range.

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

Also the school districts have been increasing property taxes in A LOT of investment properties thus eating some of our profits. 

Insurance is just an expense to factor into your underwriting just like property taxes.

The buyer can obtain a property with no mortgage qualifying and or a lower than current interest rate, or on terms not readily available otherwise.