Quote from @Kristin Vegas: Hi bp. is it possible to do a HELOC on a house I purchased 6 months ago?

Unfortunately, even though it's only been used for 2 months, the warranty has already expired (90 days for commercial appliances).

MAREI's still here, we meet at the Double Tree on the 2nd Tuesday of the month from 6 to 9 and we have a meeting after the meeting.1st Meeting is FREE.We have generally 100 in attendance.Come out and check it out, join our community -Next meeting is February 11th, 2025

The loan is still on my name, but is being paid off every month by my buyer.

Work backwards from your $300,000 annual target to monthly say $25,000 per month.  

But as a data point on Huntsville: my Huntsville property with REI Nation turned over in May 2024 and stayed vacant for serval months.

. - Minimum work history: 1 year (please provide references and pay stubs for the past 3 months; if self-employed we can discuss alternatives to paystubs)

Utilities cost $150 per month.

Install cameras around the parameter of the property today; post no trespass signs; change your for rent listing. 

My girlfriend and I have been looking at properties over the last couple of months due to life situations changing and having a decent chunk of change saved for a down payment.