When it comes to a dispute of any kind, payment processors are required to refund the money to the tenant immediately after this is initiated.

HELOC:Pros:Flexible borrowing - borrow as needed giving you flexibilityLower initial costsVariable interest rates - can be a con if rates rise, it can also be beneficial if rates decreaseCons:Variable interest rates - rate can fluctuateMore risk of foreclosure - you're adding a second loan

Initially, you are paying $49.00/mo for the APP alone.

Consider a small HELOC for initial costs if you can secure a good rate.Owner-Occupied Strategy: Look for a duplex, triplex, or fourplex with one unit big enough for your family.

You should be looking into a hard money loan for the initial purchase & a 30Y DSCR loan for the refi.

If I did so, that would leave me with a total of about $290,000 in cash that I can use to purchase a property.My initial thought is to put at least 20% down on a property.

Thanks to all of you for your insight, I herd about this initially from The Lee Arnold System of Real Estate Investing, Is anyone familiar with him and what he teaches?

That house has returned all my initial investment and going on double the initial investment.

@Lucas Carl, When you talk about your cabin with a purchase price of $500k, I'm assuming a 25% down payment + any costs to furnish/fix/renovate as the initial cash outlay (for example $150k total). 

We also are heavily invested in the Hilton Head market along with our clients owning multiple short-term rentals, long-term rentals, and now a new initiative in workforce housing.