But, in the end, a HELOC is great to just have in case that beautiful day comes where I get a great opportunity.

That's Property Management 101.If your PM didn't have this lined up and didn't make you aware of this limitation upfront, that's a red flag.

That means if a tenant leaves once a year I have two weeks to get someone in before I go in the red.

  @John Underwood beautifully said

But, neither will all people with red Camaros under the age of 25.It's not personal.  

For anyone considering this, it’s probably worth consulting with a local land-use attorney or planner to navigate the specifics and make sure you’re maximizing the opportunity without running into red tape.

Sounds beautiful.

I have STR investors in Florida making 25% cash on cash returns, long term rental investors picking up properties directly off the MLS and cash flowing day 1 in various states, and house hackers completely removing their housing payment from the picture allowing them to save for for the next property.The beautiful thing about real estate is there are so many ways to succeed and a plethora of strategies depending on your comfort level and how active you want to be.

This guy's name (Mario Cotto) came up as a red flag at our meeting last month.

It’s a beautiful farm as well.