I'm looking into a 1st Position Heloc for my rental property in CT.

To simplify the existing lease I thought about asking the tenant if they would be ok modifying the addendums to get rid of the resident benefit package and the building protection plan. 

Here’s a bit of background on my current situation:I own one rental property that generates $1,900 per month in rental income, and it is paid off ($300K).My primary residence is also paid off ($288K).I’m currently building another rental property with cash ($200K).

Purchase price: $145,000 Cash invested: $15,000 I obtained the home 9 years and am holding it for cashflow as a single family long term rental.

I agree that pricing a rental too high is a classic mistake than can make it sit, but don't you think encouraging landlords to rent quick will make them compromise on the vetting of the tenants?

Why do you want to buy 2 rentals a year?

Quote from @Jacob Campbell: Hello - After listening to the podcast, I've made a commitment to purchase a rental property by the end of Q2 this year (ideally by the end of Q1).

So I do currently have income from my rental properties, however it isnt enough to cover our current costs over here for the next 6 months.

Im really interested in buying some cashflowing rentals in Ohio, Indiana, Arkansas, maybe the Carolinas.

Is anyone actively doing midterm rentals in this general area and willing to help some new comers out?