The distinction between Cash on Cash and Cash Available for Investors should be made clear. 

Hello all,I’m just starting my investing journey, and I can’t seem to make sense - or clear distinctions-  between a Heloc and a cash out refinance…In general, what are the differences between the two ?

@Simon Obas -- I think there's an important distinction to make from the information you provided in your original post.

Separate utilities - There are three distinct units in this house. 

We turned the upstairs into two distinct bedrooms with a sitting area in between the two.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

There both located in the North West part of Berwyn.I grew up in Oak Park, right down the street from Berwyn.I believe, you could break up the town into 3 distinct areas.

Separately, you would subtract depreciation, amortization, interest and non-operating expenses (such as partnership level expenses) from NOI to arrive at Net Income (which is distinctive from Net Operating Income and is most relevant to tax preparation). 

While I have three distinct cabins currently under construction, I am in the design stage of a indoor pool cabin and returns are off the charts for them. 

Florida is an unusual state, there are 4-5 distinct markets for real estate and each has its own characteristics.Tallahassee / pan handle - unless you are from there, I do not recommend itNorth Florida (Jacksonville) and as far south as Daytona - I am bias, I am from there and have great cash flow.Orlando - It is getting overheated - hard to cash flowTampa - There are still good opportunities to cash flow.Miami - Looks more like other big east coast cities like NY, LA, SF, DC.