This is a revision of my popular post from 3 years ago. See, the older I get (don't ask), the more annoyed I get with the endless "I WILL SHOW YOU HOW TO CUT YOUR TAXES in DECEMBER" emails, posts, webinars, podcasts, ...

Here’s why this can be a great option:You can lock in a lower interest rate on the HELOC since it's based on a primary residence rather than an investment property.You keep your existing home, allowing it to appreciate while your tenants cover the mortgage.You now have two properties working for you—one generating rental income and another as your new primary or next investment.For analyzing rental cash flow, some key numbers to look at include:Expected Rent – Research what similar properties in your area are renting for.Mortgage & HELOC Payment – If you use a HELOC, factor in the monthly cost.Operating Expenses – Taxes, insurance, maintenance, potential property management.Cash Flow – What’s left after expenses and mortgage payments.If you do decide to sell instead, you can also use that equity strategically—whether for a strong down payment on a multi-unit, house hack, or another single-family rental.On the networking side, attorneys and other key professionals can be tough to find in everyday settings, but real estate investor meetups, Facebook groups, and local REI events are gold mines for connecting with them.

I would be happy to connect with other investors in the area to share tips and tricks.

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

- Any tips for staying updated on regulation changes?

Any tips would be greatly appreciated! 

Any advice, tips, or examples of how you’ve handled this would be greatly appreciated!

I appreciate the tip about the current market conditions.

So in order to continue to invest, I buy properties in a couple of cities on the outskirts such as Florence, Coolidge, and Casa Grande where the properties are below the median price point.

Your answers are absolute gold.