If you are buy and hold focused with a 10-20yr horizon, a few initial repairs to get up and running, particularly in the first few months, would not surprise me.

With rates as high as they are it really only makes sense to use the heloc if you are doing something that has a relatively short time horizon like a flip or BRRRR. 3.

When the market turns up, prices also go up quickly.We all read stories about immense amounts of capital - dry powder - poised to jump back into the market…….Assuming there are deals to be had…….I submit for consideration, the retail investor isn’t going to get them……it’s the groups with Millions and even Billions in the bank that will get them……While returns on multifamily have decreased - at the present time, solid deals run by experienced operators might yield 13% 14% IRRs……….and 16% or 17% annual rates of returns…..On a 5 to 10 year horizon, I believe investors will be better off continuing to invest in real estate than Treasuries……..So while parking the money in Treasuries may feel safe - deciding when and where to re-enter the market is a difficult decision.I believe retail investors will do better investing with a long term horizon - less focus on timing the market or getting a deal - time in the market v timing the market.Thoughts?

However, if it's just you as an individual, and it will just be you as an individual for the time horizon of your investments, then I see no reason to create a single member entity as a holding company.  

My recommendation would be Tiffany with Horizon Realty and Management.

Each step you take reveals a new horizon.

Andrew, I am sorry - I did not answer the question directly; I think 5 years is a minimum time horizon to expect a run up in value. 

My wife and I currently live and rent in NYC but anticipate moving to western Connecticut on a 5-year time horizon.

A lot will depend on location and your overall time horizon. 

No more liability to worry about.However, two things you do have to worry about:Default - Foreclosure can be awfully expensiveInflation - If you, like many of us here, believe that unprecedented inflation is on the horizon, you have to prepare for it.