You have to play in order to win, but if you never get in the game in the first place that in and of itself equals failure.

HELOCs are much tricker than a closed end second - they don't typically allow you to close in an LLC and they are full doc qualification, meaning your FICO, employment history, income, DTI etc all come into play.

Basically its a big credit card that I can now use for any business related purpose, in my case Ill use it to do more deals.So here is where the 8 unit comes into play.

If it is a working STR, that really plays no part in the sale of the property.

That is the difference.The convertible equity play is just garbage.  

You will learn the cost of maintenance/cap ex and how tenant quality plays a big role.  

Not a single one of the properties I was under contract for made any sense once the massive price increases were put in play.

I've got him dead to rights for non-payment, but I know he's going to make it extra annoying. 

You don't want to play a plumber so that your guests can have water?

The play book as you described is an old one when it comes to marketing themselves nothing different than what the how to trainer do.