Also, i don't want to take out more than $200,000 on my primary residence, as a peace of mind thing, whereas my investment property i will go as high as 70% = $245,000.My long term goal is to use that profit gained from rehab works coupled with a HELOC/HEL on 2nd property (~$245,000) to obtain a third multi-family using BRRRR strategy (Just AirBnB instead of Long Term Rent) property to tap into AirBnB market which is just starting to develop, and by my personal local experience it will be a long time till legislation comes into place (things move slower in the Pacific Islands).Appreciate any assistance with my query.

Cite=59.1...https://www.kingcounty.gov/council/legislation/kc_...http://www.seattle.gov/civilrights

Check legislation regarding vacation rentals in your area, this is very important!

A great ressource is the you can just google is a pdf called The Wisconsin Way, which is an overview of all applicable legislation. 

Others are more savvy with that stuff than me. https://www.nolo.com/legal-encyclopedia/overview-landlord-tenant-laws-illinois.htmlhttp://www.ilga.gov/legislation/ilcs/ilcs3.asp?

.* * *Legislative NoteThe legislative process has many unexpected twists and turns.

Heller is an influential member of the Senate Finance Committee and has pledged to attach the bill to a larger piece of legislation that is moving through the committee. 

It was probably suggested by an apartment-dweller and legislated by people who have their staff members or their brokers take care of domestic matters, such as a home sale.

The NEW lease-option design...As I understand it, one of the requirements of the new Consumer Finance Protection Bureau, birthed from the Dodd-Frank legislation, is that ANY lender in an installment sale has to verify that the borrower is capable of repaying the loan, just like a traditional mortgage lender must.

And because of stuff like this happening in mass quantities, let legislation to regulate Wholesaling (like they did in OK) in which you can Wholesale 1 property per year without a license, however to continue wholesaling in these states, one must obtain a license by that state.