Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).

Generally yes a HELOC will go off your personal finances so qualifying is generally based on your income, liabilities, and credit. 

Now I realize that not all situations will go exactly as planned but it is important to have a realistic plan from the beginning based on past results.Ivan, Hopefully this post was helpful to you in that it helped you consider different options based on your personal situation and real estate investing goals.

The information provided is for general knowledge based on my experience and should not be considered tax or legal advice.

The article is based on # of sales, not price increase or decrease.

Based on this strategy, it would only take about 2.5 years to pay off the $160K.

We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.

Typically, the tax is based on the assessed fair market value of the property at the time of the transfer, even if it’s not a traditional sale.

I'm looking to purchase my first rental property and have been searching for a deal that would generate positive cash flow based on my projections.

I adjust pricing based on demand, like raising rates during peak season or local events, and lowering them in slower months to stay competitive.