The style is modern and you may have some bow windows so it gets pricey. 

This sounds like a few issues compounded into one large problem. 

Not anymore, today they expect landlords to bow at their feetThey learn the rules they can use against landlords on the internet much like we all learn how to combat tenants on here..

That's how much that monthly expense compounded over 10 years is going to cost you instead of putting that money in index funds.

Very well said.Some of the time you will hear that compound interest is the 8th wonder of the world.John Corey

I think the normal investor here may need to bow out of this game, as the cost to maintain the house will eat them alive if they sit heavily leveraged. 

1 - Amortization period2 - Term (a refi is the length of the Amortization period, the Heloc may be amortized over 30 (rarely...usually 15), but the payoff may be sooner...as in a balloon in 7 years.3 - Interest rate (compound or simple)4 - fees5 - and a big one...% of ARV they will loan you.HELOCS and REFI's usually don't have the same terms.

I wanted them to continue to grow and compound and so far that has proven to be a wise plan.The other businesses I started were bootstrapped with my personal funds and loans from the investing company.

page=2Also, in the third thread I listed, @Albert Bui (a lender from Seattle) also made an interesting point in the last part of his post when he said:"One big reason is that properties held in S corps or LLC's taxed as scorps (wait whaa, yeah LLC's can be taxed as partnerships, S corps, and C corps) when transferred have to leave at market value which might be a problem if you bought it for 100k and now its worth 180k because, thats a 80k gain you got on your hands when this property is transferred (unless if you transfer or sell it to yourself at cost basis).The other reasons is like most people said regarding self employment taxes and avoidance of them in totality.Another reason is you may not want to comingle your liabilities of your buy and hold properties with your active business (wholesaling, flipping, consulting, etc) which may compound your risk for lawsuits.However, to the contrary I see tons of S-corps with investors or LLC's taxed as scorps for flippers or people who use their scorps for active businesses like hard money lenders and flippers.The benefit of Scorp is that us conventional lenders like to see income surrounded by a veil of s-corp legitimacy even though its only a couple pieces of paper filed with the state.

Probably could have stayed at UPS for 40 years ,done some side investing ,Retired and been quite happy .but after you do a few Side investments ,see SOME $$$ , Really understand financing and compounding ,you really get hooked on it .