Going further from the beach would increase your risk but also decrease costs.

The ferry is in a downward spiral of fare increases and decreasing ridership. 

OR do I try to subordinate my HELOC under the new loan but run the risk that mortgage rates go up by the end of March effectively decreasing my cash flow amount?

As a wholesaler you would have been classified as a dealer for ax purposes, meaning your houses are inventory and you should have reported your income and expenses on schedule C.Your schedule C $8k loss should have flowed through to your 1040 and decreased ultimately your taxable income.You can carry forward your sched C losses of your 1040 income goes negative.I think you should look at amending your 2013 return.

Therefore, decreasing your bargaining ability because you don't want to pay full market price.  

I wonder if future rate increases would decrease multi-unit price?

Investor Seeks Trainees $8k - $9,750 per dealI see the trainee pay is decreasing.

My thoughts on depreciation come from literature by the government of Canada which says, "Demand for new and existing homes will decrease in 2013... for a second year straight in the Montreal CMA" And 'cause that opinion was agreed with by a local real estate agent.

Note that the MLS is not available for rentals in all areas.4- Include an email option to the ad5- Consider moving away from Google Voice/getting to the point where a person answers.6- get a for rent sign in the ground.7- do not decrease the rent yet.  

My follow up question to you:  Does your answer change if the property is bought at a discount (i.e. 80% of value) or if there is definite potential to add value decreasing the total LTV around the standard 80%?