Hi Brenden,Your plan to use a HELOC to convert your basement into a rental unit sounds like a solid house-hacking strategy, especially if you can get $3,000 in combined rent.

The most recent job fair featured over 20,000 open positions.In ConclusionWhile nothing is guaranteed, the combination of population growth and limited land for expansion virtually assures that prices and rents will continue to increase.Thanks for reading my post.

They combined met the qualifications above for income and credit score . 

Data can be dangerous if you're not looking at the details.Yeah, this is RPR data, so it's SF+condos combined.

Your best/safest bet would be a regular lease combined with an option to purchase.

Quote from @Laura Higgs: The Roi combined for 3 duplexes after repair will have an ROI of 4.47.

For instance, Berea is a charming college town, but the combination of local taxes and less favorable price-to-rent ratios makes it less appealing for investment compared to other areas in the state.Agree here! 

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Either that, or 0% credit cards combined with the personal loan if you feel that you can liquidate the property before the credit card intro periods expire. 

Combined with the changing regulations following the NAR settlement, many real estate agents are leaving the industry.