Some become hyper focused on investing and wrongly prioritize their thirst for real estate investing to impact other areas of their life.

Narrow your top cities, build a local team, and refine your financial analysis to position yourself for success.Good luck!

When you draw from the equity, you are "borrowing" it from the bank and have to pay interest.If you borrow against the equity at 7% interest and then loan it out at 15% interest, you are earning a positive 8%. 

@Jackie LinThat’s a big decision, and with your experience in California rentals, you’re in a great position to weigh the options.

Once I get a renter in I am planning on a HELOC on this property to position myself to do PML for more passive income.  

I agree with everything you said 100% & I appreciate the positive feedback. 

You can find positive cash flow and the 1% rule here!

If things goes the way I anticipate, Austin will be probably my 3rd largest position in size but primary financial position. 

This allows you to access funds while keeping your existing mortgages intact.Second Mortgage: Explore lenders who offer second-position loans on investment properties, though rates will be higher.Cash-Out HELOC : While traditional banks often restrict HELOCs on non-owner-occupied properties, some portfolio or private lenders may offer HELOCs for investors.With $15-20K in liquid funds, look for deals where you can negotiate terms:Seller Financing: Negotiate lower down payments or interest-only periods.Subject-To Financing: Assume the seller’s existing mortgage while covering the down payment.Lease-to-Own: Lock in the purchase price while using rental income to build equity.

There’s no one answer, a lot depends on the investors personal financial position, tolerance for risk, goals, etc.