If you're dealing with people, it's best to be simplified but smart.

There are a few little things to consider, but generally that works well.If you get your long-term rental in very well performing locations you can use the positive cash flow to pay the HElOC back.Just to give you the math (the numbers are simplified to make it easy to follow):- You get the HELOC for 70% of the equity = $260K * 70% = $182K- you use $75K for the down payment of the $300k investment property- If you have $500/month positive cash flow it will take you $75000/$500=150 month to pay back the HELOC- When looking at really well-performing deals between 1% rule and 2% rule, you could probably three properties, professionally managed in the right location, each generating $333/month in positive cash flow, so your HELOC would be paid back in about 6 years.- Keep in mind that a HELOC has the benefit of requiring you to only pay interest on the actual balance.

It is really simplifying my processes, that's for sure.

To simplify it I'd suggest house hacking in the area you already live in.

Ashley,I've built up several rentals over the last several years, but this year my goal is to simplify my portfolio focus on larger multi-family here in north Texas. 

A consolidated, simplified portfolio.

I know I'm simplifying this, but the main thing is don't be afraid of failure!

Not saying its not doable but too many newbies over simplify it.

Facilitate the co-buying process: Are there platforms that simplify the joint purchase of real estate properties?

Sell the place and simplify your life.