Then, you could use part of it to pay the balance on the property stretching out the term or pay interest only for a while which will increase your cashflow and get you additional capital to use if you need it or to buy the next rental.Plus, some lenders will let you lock the rate on the used part of the HELOC so it does not float up on you.

Also in that price range if worse came to worse I could just float it until it was rented.

If you cannot do this for some reason then you will either need the multifamily property you buy to produce a net cash flow of $450 or higher or you will need to be able to float the $450 from your income.

Like selling a rental property with a tenant.One of the misnomers that tends to float around is the legal treatment of CFD's vs a deed of trust or mortgage.  

It identifies other properties purchased such as land improvements, floating floors, appliances, etc which may have an asset life of 5, 7 or 15 years.The good thing is that anything with an asset life under 20 years is eligible for bonus depreciation.Bonus depreciation for 2023 is 80%

The tide floats all boats including tertiary markets.

Are rates in HELOC's always floating? 

because my ownership/care shows....Whatever floats your boat.

Besides all the brokers floating around claiming to be note buyers, does anyone know real buy and hold note buyers that will buy what would be HIGH YIELDING UNSEASONED NOTES?

They get 5% floating annually in the bank staying liquid so tend to jump in and pay 5.5 to 6 caps all day long for strong tenants and locations.There can be some higher cap rate low credit quality tenant deals but if you do not know what you are doing you can lose your ***.