If you're locked in at a low interest rate, it might be worth keeping.

For the right people with the right perspective, it could be a great way to diversify your investment and enhance your quality of life. 

With most products their is a place where this makes sense, but in my experience there is only 1 with this product Right Way = Pretty low credit score and cannot qualify for a traditional loan to access the equity and you need the cash fast Wrong Way = Any other reason than the above. 

Look at quality properties (not something that is cheap and looks good on paper). 

Multifamily properties (2-4 units) can be a great way to build your portfolio while minimizing risk—especially with FHA or conventional low-down-payment options.Also, networking is huge.

Xeriscaping (low-water landscaping) is increasingly mandated in many HOAs, and buyers are scrutinizing water-hungry features like traditional lawns.Rising Construction CostsMaterial costs have fluctuated significantly, and labor remains tight in the Phoenix construction market.

The mold house would only be a good investment if you can buy it at a low enough price to cover the necessary renovations.

The carrying costs are low, but tenant was making partial payments by month 2.

BUT The points they charge and interest are both way higher than normal, on some deals I ran numbers the points and interest were going to be 20k on properties where the ARV is 100k so you have to get properties at such a low price to make it work that it is so hard.

Is interest so low that you can't justify having them more often?