If you were able to pull out $500,000 in existing equity out of a paid off rental and disperse those funds to acquire 2, 4-unit MFR properties and had the income to support any future CapEx and the interest payments on your HELOC ( including the extra income to paydown the loan ) would there be any " gaps " or problems I'm missing in this situation where it would be a bad enough idea to not go through with acquiring more properties through a HELOC on 1 of 5 properties you own?

It seems like you are taking offense to anyone you feel is critiquing your approach.

Feel free to reach out if you need any more advice.

If you borrow against the equity, you'll need to include that payment in your calculation, as well.You make 3x the average income for Pennsylvania at the age of 32.

#s: value: $440k each, total debt: $310k each (incl. arrears), prop taxes/mo: $500, insurance/mo: $25, common charges/mo: $380, rents/mo: $2700 & $2250Pls feel free w/ any solutions / input / ideas.TxDave

If you’re looking to connect or explore projects, feel free to reach out.

We also had to negotiate access agreements with both adjoining neighbors, which added nearly another $100k.Best of luck in your venture, feel free to contact me directly with any questions or if you would like me to pass along any of my resources.  

Now, if the deal is so sweet that someone may want to step into your shoes prior to closing for a large fee, make the contract including the seller financing terms freely assignable and ironclad.Good luck.

@Troy Chambers feel free to reach out to me, I'd be happy to discuss/help if I can.

@Carter Manley I feel there's something else to this question.