I would say for most people, the 1st position heloc is no a good bet, especially if you have a 1st mortgage rate of less than 5%.Using this strategy with a 2nd position heloc can be just as powerful, so you can have your cake and eat it too!

So that's a silver lining at least.  

Airbnb gives you the best bet at getting both. 

It all cash flows like a gold mine until the roof needs to be replaced, the main line goes, or you get your first turnover bill and need to upgrade a kitchen. 

I would definitely check Dunn and Bradstreet for any open lines of credit, liens, judgements and the like. 

I’m not a betting man.

DSCR Cashout is your best bet!

Portfolio Approach – If you plan to build more homes, some lenders may approve a construction line of credit based on your overall experience rather than just SFRs.

You can adjust them and shorter PPP's tend to have higher rates than long PPP's so keep these in line with you strategy with the property whether you want to hold long-term or refinance in a few years.If you're still looking for financing I'd be happy to help.

There is a lot of money on the line in every deal in RE.