There really isn't any magic to the Wally Wrap, but it does solve some issues and it has been vetted with thousands of transactions.

The market between the 2 locations & resident class (Especially if you plan to self mange or find a PM company), Your future goals and the costs associated with moving and transferring to a new hospital. 

WHat are these locations?

Thanks, Jim Rice Hello Jim, We are located in Central Florida. 

I have been living where i am now since 2022 I don’t want to ever sell it because its in a good location and it has potential to be a great rental investment i just don’t want to lose my interest rate by leaving and renting it out i have heard that your mortgage can be called due by doing that.

Look for a location with low crime, then look for the neighborhoods with the best schools.

@Ming HuangRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

HELOCs on rentals are rare, and depends on where you are located.

location.

They will do magic for your financial situation.