You'll need a plan to pay down your HELOC and, without creating equity in a deal, you'll have to rely on your W2 for that.You won't cash flow on your rental if you finance it 100%, so using cash flow to pay down the HELOC isn't an option.

How do you plan to finance?  

All you get is what you can export/import via CSV file:(We use Propertyware, have experience with Buildium, and have played with Appfolio and RentManager.Buildium is for smaller companies.The other three are tied, the differences being how much automation & customization you want to do.If you don't see yourself growing beyond 150 units, go with Buildium.If you're not very techy and plan to grow over 150 units, we'd recommend Appfolio.If you're techy and plan to grow over 150 units, we'd recommend Propertyware or RentManager.Of course, schedule some demos, take GREAT notes and them make your decision.FYI - there are MANY new options on the market, RentRedi, TenantCloud, Apartments.com, Hemlane, Rentec.

You have a full plan that, over time, results in a better way of life and more time with family.

Hello everyone, I am located in New York City (Bronx), and I am currently tackling a renovation for a triplex rental I plan to keep.

While it can be beneficial for spreading tax liability and estate planning, DSTs are complex, costly, and subject to IRS scrutiny, requiring precise implementation.

I plan to get on an income driven repayment (IDR) plan once I graduate this spring.

Doubt this is the final version as the "smart" people in the city understand Detroit is coming back and needs to keep welcoming investment instead of putting up roadbloacks:)As many STR landlords have learned in other cities and in oversatuarated areas, it's always good to have a backup plan!

Just be transparent if you plan on working with a Realtor, you know how many times they have a "Buyer" or "investor" calling them or emailing them that " I NEED TO FIND DEALS ASAP" only to find out it's another wholesaler trying to get deals out of them.

Your current plan seems like a lot of sacrifice for limited gain.