Cap rates are based on implied desirability & risk. 

It doesn't imply any particular method of doing so.

This implies a property purchased with financing in early 2022 would have P&I near half of what it would be today. 

As the title implies I currently live in Austin, TX.

I do agree with his implied sentiment on cash flow.

I love dogs, I love kids and um, well I have a friend who's a firefighter but in all cases the face to face interview (including the dog) would most likely be the deciding factor for me.Edit: I don't mean to imply that I pay no attention to the application answers but just that the face to face carries the most weight with me.

Motivation doesn't come from an area, nor a circumstance.BECAUSE someone is in foreclosure doesn't imply they are motivated.Circumstance (foreclose) CAN cause motivation... but it doesn't IMPLY it.Here is where many investors go wrong.

I did not mean to imply that a landlord policy is inappropriate.

This implies that ADU additions typically start with a negative return.  

As the title implies, I'm considering the idea of using a HELOC to purchase a first investment property.