A heloc can "never" be used as an "Asset" or Liquid reserve both required when you purchase additional rental properties. 

Quote from @Derrick E.: To answer one of your questions, I doubt you will ever find someone willing to give a loan in 2nd position on an investment property. 

And in 18mnths that "partner" says they need to liquidate.

After spending all day dodging junk mail, junk e-mail, junk texts, and junk phone calls I have very little energy left for junk BP posts!

Also, the lender wants to see liquidity from the co-guarantor. 

I'm in a position with some equity and liquidity to start building my investment portfolio.

We currently have 23 single-family homes in the KC metro (120 bedrooms) utilizing this model and while its never boring - I really enjoy it and it's definitely a favorite way to invest in real estate to date.Have a few tips and tricks we've learned - send me a message if you have any questions.

Trying to have my cake and eat it too by paying off the mortgage and having that comfort or largest expense being gone, and still being able to scale rental properties with the liquidity of the all in one.

So I’m pretty close to you, once I pull some cash I have sitting in a flip that will probably turn into a brrr I’ll be about 70/30 stocks, I really don’t mind buying property provided I think for some subjective reason that area is undervalued/will outperform the market, but to me the stock market has a few advantages, 1. it is much easier obviously/more liquid. 2.

Quote from @Scott E.: I love where you mind is at and how organized your post/plan is.