The blended rate between the two loans still comes out to be what is quoted. 

For example, using 70-80% leverage could preserve your cash for more deals while maintaining strong returns.A blended approach might work: pay cash for smaller deals to avoid delays and borrow on more significant properties to spread risk.

I read an article I thought articulated this very well, we are seeing the collapse of a very complex system and this the fruit.  

We’ve been working towards this for a few years, and it is very exciting to finally see the fruit of our labor!

Here’s the approach I’d take, blending strategy and action: 1.

There's more low-hanging fruit here than I'll ever need, but hitting the ground running to pick it before land prices start reflecting the new higher values requires more capital than I have and I don't do debt.There are two main companies in the US who do the work of creating and selling eco-mitigation credits on a joint venture basis, separated by the Mississippi river.

Here's the beginning of a long and (hopefully) fruitful journey.

Most Heloc rates right now are around 7.75% to 10% so if you look at your blended rate between your fist and Heloc you would be better off doing a cash out refinance.A lot of people forget or simply do not know that if you do a cash out refinance the rate does go up but in 12 to 24 months if you do a "rate and term" refinance you can get it back down fairly close to where it was at prior.

I lived well below my means, worked a full time job for years while doing this on the side, persisted when others did not... and now I am enjoying the fruits of my labor.  

Hope your investing journey has been fruitful over there.