Hey Mark, welcome to the community if you need any advice whatsoever, please feel free to reach out.

And like I said I have no real estate experience whatsoever so any other ideas, suggestions, experience you might have would be greatly appreciated.

I just did not know if having that extra value now (in case of emergency having to sell for debt reasons, which we should not run into whatsoever, just worse case scenario) it would create more security for us to a lender.I spoke with a lender today and they just asked us about the estimated value and what we have paid off. 

Garrett-NumaIf you do it legally there’s almost no incentive whatsoever for the renter .

Ya know I’d rather beg a drunk tenant with no teeth and 4 pit bulls for rent ..than beg my employer for a raise every year

Again, even with a written agreement its not perfect, but I sleep much better having something in writing that has teeth.

I have been using these for 2 years now with no issues whatsoever. www.smartcoinbox.comhttps://www.facebook.com/watch/?

@Rocky Gibson Your question is not a "quick question" whatsoever.

If you set these up right you basically become the bank and you are free of any maintenance whatsoever.

You'd have a payment on your HELOC once you draw on it, but it has no bearing on your mortgage whatsoever.