@Edward Jung the VA loan requires 6 months of PITI reserves for the purchase a 2-4 unit property.

I'll break it out for you.Gross Salary: $80,000/yearGross Salary per month: $6,667/monthAfter Tax Salary per month (not including 401k investing (which you should be doing, but I get this is a real estate message board and this concept is not popular): $5,434Purchase Price: $600,000Interest Rate per Calculator: 6.941%Downpayment: 5% or $30,000Financed Amount: $570,000Mortgage: $3,769.67Property Tax: $600Insurance: $125Other Costs (per calculator): $333.33Total Monthly Payment: $4,828/monthAfter Tax Salary - Your New Homes Cost = $5,434 - $4,828 = $606CONGRATULATIONS, you are what is referred to as "house poor." 

Hello everyone,I'm based in Prince Edward Island, Canada, and my wife and I currently own a duplex apartment where we live in one unit (we've had it for two years).

If you want to take a vacation, be out sick for an extended period, or even just move on, you'll need to "hire" and train a replacement.In terms of "The Cashflow Quadrant" (E - S - B - I), you're in the bottom-left corner: you're self-employed.You would need to move to the top-right corner and become a business owner: the business needs to run even when you're out sick, on vacation, "on family leave", etc.If you're new to the concept, "The Cashflow Quadrant" looks like this:E | B-----S | I"E" is you're an employee in someone else's business. 

The key with the HELOC strategy is understanding the concept of arbitrage.

Little background on me to help paint the picture for my business concept.

I'd check out Natalie Kolodij's podcast- she knows her stuff and she makes the concepts simple and interesting. 

Concept has been proven across the street.

Research co-living companies like PadSplit and HomeRoom to get an overall understanding of the concept. 

Many, if not most, are still unfamiliar with the concept.