Just make sure the rental property’s cash flow comfortably covers the HELOC payments and other expenses.

Easy living, comfortable furniture.

Be sure you are comfortable with the math and know exactly how much you should be getting depending on how the property performs at different levels.  

For real estate just start analyzing as many deals as you can so you get more comfortable and confident.

I had just mastered the original deal analysis and was getting comfortable analyzing deals.  

I'll check around with some lenders to see what they share about their comfort with the timeline - whether HELOC or not.  

I’d recommend waiting till you have a cushion of some sort depending on your comfort level before you take the plunge and buy the second deal.

Plenty of people invest remotely, and as long as you have modest expectations (not chasing the highest possible yield), and are using light leverage, and don't get suckered into buying in a part of town that you wouldn't feel comfortable visiting in broad daylight, plenty of people do this and do... fine.

But if you're comfortable with rougher areas, then you can definitely find properties at lower prices.

Our AirBnb guests not only skew younger (which is fine) but they also seem more tech-savvy (comfortable with our smart locks, remotes, etc.).