Learn what each one of these are, and see which makes the most sense to apply to your specific financial plan. $150 cash flow on any rental especially a triplex is dangerzone imo. 1 month of vacancy of 1 unit could destroy a years worth of financial gains.  

Quote from @Tyler Kesling: Thanks for the insight @Randall Alan on how current owners and markets might react to the ease on rates.

If I have several options, I would prefer a HELOC with no initial draw requirements (i.e. to establish a literal line of credit that I have no specific short term plans to use), i.e. not something like the better.com HELOC. 

Our initial thoughts have been to look up in New Hampshire, specifically the Lakes Region or up near Conway.

This could be just specific to the real estate industry, but in both recruiting and cybersecurity consultants (hackers for hire), the ones that start their own business/consultancy, are the ones who after spending 2 years (usually exactly 2 years which is when recruiters will message them), the high performer will either 1.

It appears there are still opportunities to buy good properties in decent areas, though I’m sure it’s important to be very specific about locations.

If you share the city & state where the property is, I’d be happy to connect you with someone specific.

Have you taken the time to search AirBNB and VRBO in those specific areas to see how many STRs are operating?

That said, there are alternative ways to meet the requirements, and with proper planning, you might not need to rely on these specific tests if most or all of the participation comes from you during the first year.

Happy to answer any specific hard money questions if you have them Zachary, thank you.