This allows you to access some of your equity without needing to refinance your first positions.

I’m also using a 6% vacancy rate, which brings the net monthly cash flow to about $200 and a CoC return of 13.06%.Summary:I’ve created around $50k in equity (difference between ARV of $200k and total investment of $155k).I’ve got about $10k or $18,385 left in the deal (factoring in closing costs).The cash flow is healthy, and the CoC return is strong, especially as a first-time investor.Questions:Does anything look off or could I improve the numbers?

Hey everybody We own 8 rentals in Philly, we are looking to pull some cash out or get a HELOC in order to continue scaling. Our main issue is these properties are owned in an LLC. Does anyone know of any lenders that ...

.✔ Can structure with interest-only payments or equity split.Best Approach for You?

Investment Info:Single-family residence buy & hold investment.

The last few STR deals I closed where my client used a second home loan, they ended up putting down 20-25%, preferring to have more equity in the property versus giving away thousands in fees to the lender. 

So, the extra unit may cost you more then it brings if you cannot access equity or if the market discounts the property when you go to sell due to financing available.

If you put down 25%, that's equity, but it's also trapped - you can't use it for anything else.  

I am sorry you got burned by a bad resident. 

@Aristotle KumpisPossible yes likely no unless you have a ton of equity in other deals that can be cross collateralized