Once you get the second house you will be in the same position the following your but if your follow this method (The Stack) coined by @Brandon Turner you will be ok.

Probably not, the point is, almost anyone will lend on something they can make coin on even if you fall off.

Add-Value:Property seems to not have coin laundry - projecting an additional 200 (monthly)Rehab may command higher rentroll - projecting 1150 per unit (rentometer median)Appreciation - even though I am in California, I am discounting appreciation since it is MF and is less liquidNotes: 1.

Make sure it's coin op, if it's just free, they will wash one sock at a time.

As both an investor and contractor, I understand both sides of the coin, but I'd like to get additional perspectives.

The term "house hacking" wasn't coined yet, but I knew before I ever found it that it was going to be a 3BR/2BA and I was going to rent a room to one of my military buddies and another room was going to be my home office. 

Some would leap at that, some wouldn't bother.I personally think its pretty silly to say the cost is different if you use your own cash vs. borrowing it because that money can be making you money somewhere else, there are opportunity costs in using your own coin that you should still factor into your deal analysis.  

I'd like to drop some coin into the rental and HELOC it then use that to put down on a duplex but my ultimate goal is to own an apartment complex.  

The license makes you disclose that you're an agent and you have to pay a broker some coin, but it also lets you take some listings which you'll stumble into if you are marketing to distressed homeowners.  

Paul Coin,  Fletcher,  NC