It is typically, raise the rent close to market rent, maybe $150 less, and if we turn the tenant over then we rehab the property and get full market rent.

In the Tahoe area, some HOAs have a high percentage of STRs, making it easier to invest in those complexes.

I thought I was on Bigger Pockets for real estate investing information.

The information is typically - lease start and end date, how much rent is, what the security deposit is, and how much in advanced rent there is.

Let me tell you how Waco has become Texas' new hottest market to invest in and why you should consider investing in this market. 

.- $150k worth of 5/7-yr property which is appliances, cabinetry, carpets etc.This is pretty typical for a commercial property cost segregation, and I see nothing wrong with it.The problem is in the line above that, called "Selling price."

That's 3x the size of most Philly zip codes where real estate investors customarily buy investment properties.

I know that a ton of people will win with the approach you are contemplating taking - in taking a HELOC out for the down payment on an investment property. 

Just like any real estate investing, there is always risks but we are well trained in the community on how to ensure we are protected (including the right paperwork). 

Sell the home take you share and buy an investment home using a DSCR loan you do not need income or a job with DSCR.