That's why I tell a lot of my clients that it's a perfect time to invest right now when you can still find the 1% rule and positive cash flow especially in properties here that are still 120-180k in purchase price.

I recently helped one of my CFO clients do a cash out refi on a portfolio of SFRs with a conservative Midwest bank that did an 80% LTV and DSCR of 1.10x.

But me and my clients have had great success with MTRs here in Temple, TX - its about the only thing cash flowing well in my market right now. 

I am working with a client looking to do this.

*This post does not create a CPA-client relationship.

Working with a qualified intermediary (QI) ensures compliance with IRS rules.This post does not create a CPA-Client relationship.

I have gotten two very good clients that way.. this way I dont spend a dime on marketing they come to me :)

Would it be wise to use a HELOC on our current residence to use for a down payment on a new propertyHi David, as someone who works with a lot of OOS investors, I would let you know that most of the clients I work with have never physically visited when buying their first investment property - the most important thing is working with a great investor agent and doing proper due diligence.

Management would be self-managed, as in this example it would be a client's first rental buy and hold.

Some custodians are really good but have higher fees, so using them if you have a low dollar account may not be the best move and vice versa. not specifc to ET, but as a GP, we have worked with most in regards to assisting clients get their investment coordinated.