Plus it makes bookkeeping and doing taxes etc. more complicated and annoying/ expensive.

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.

You will want to fully understand the tax reporting burden you will face. 

Attractive Tax Environment for InvestorsGermany offers favorable tax policies for property investors.

All liens will not be confirmed prior to the sale.4.

Had to negotiate to 999,000 only to stay under the NYC luxury tax.

You do not need to provide tax returns, W2s, paystubs, etc.

@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

Mostly because the tax incentives are *insanely* good. 

We lived in the property for 2 years and rented for 2 years to tenants, so by selling now, we ensured that we could avoid capital gains taxes.