It's a former adult care home, so the layout is shared bathrooms, and this would allow me to not have to change the plumbing layout while offering a competitive price-point and unique experience to travelers.

I have high confidence in future appreciation, but relying on it is certainly risky. 

But again, this is to pay less when needed not pay it super fast.You also need to be mindful that most HELOCs are variable rates, so you need to be confidant in your cash flow to make sure it's paid on schedule to avoid getting shafted in the future.Lastly, a final benefit to the HELOC is because they only require an interest only payment, that is all they report to the CB.

I feel confident after you do your first deal you'll be kicking yourself for not doing it sooner.

If you're refinancing to a business purpose loan that's totally fine, but chances are good you'll need a lease in place for the unit you were occupying so the lender feels confident that it's strictly going to be used as an investment property.

Travel and per diem will be included. 

If it's tight or you're uncomfortable with the tenant you have in there from a confidence perspective, especially if this is a first deal, maybe meet in the middle and get a lender at 75% or 77% (doesn't HAVE to be at 5% increments) that wont make you season, and leave a bit more money in the deal, but sleep better.Overall, if I cash flow well, have/keep reserves, and am comfortable I fixed everything in the house, I like to max out the LTV on refi.

Thanks Luka,I'm sure you can find a banger deal in Tampa or almost anywhere for that fact.Just work the market.Nothing works unless you do lolFor example, we buy a $#%@ load of motivated seller lists and my remote team cold calls all day.They are polite, professional and persistent on the phone.Keeping good record and track everything.I'm confident that if we re-target any other market in the US, we could find deals at 30-50% of market value.Just gotta smile and dial lolAll the best mate

More questions, more authenticity, the more your confidence builds too.

This definitely gave me a confidence boost!