Communities have very tight short term rental restrictions, making it very difficult to find properties, and then if tomorrow the zoning changes, you might go from positive cashflow to nothing, since the laws on short-term rentals are so volatile and different across the country.5.

Are there any lending programs that allow for seller financing of the down payment in 2nd position? 

After covering all expenses, the duplex generates a positive cashflow of $400 per month.

More or less in the current market, know that most property owners who purchased a property in the last 24 months are not making positive cash flow on their properties due to astronomical rates.

I have an initial list of currently available properties clustered in specific areas, mostly Massachusetts, that are turn key and cash flow positive, minus some development, consisting of $260mil worth of real estate.  

There are so many options for great investments in both of the areas I serve ( Gatlinburg and also Blue Ridge GA) I love being able to get a report from the property manager on every turn to know if there were issues or positives about the previous stay.

If you have positive cash flow with the HELOC, you can wait and collect cash flow until it sells or sell at a loss and move on.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

<> Where you get the bank to lend you 70% and the seller gives you the 30% as a 2nd so you do not come out of pocket Does anybody know of any banks that allow a 2nd position.

I'm over here trying to be "positive" and snarky, Clayton.