With a 7% interest rate and high HOA fees, the key is evaluating if your skills and investments can generate higher returns elsewhere.

Being that I get taxed at a higher rate for wage earnings then i do for capital gains I actually take home more for way less work.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

In general, the higher valuation properties with views or close proximity to water have higher rates of returns.

After all, a seller can always execute the plan that captures the future value potential and then sell at a higher price, it’s always good to ask “why aren’t they doing that?”.

So if you are anticipating higher rents and therefore higher income next year you may want to wait till then if you are trying to maximize the amount of the cash out refi.

You’ll learn the ropes on how to be a landlord with a lower risk/higher quality tenant-base. 

Can you make a higher return than what the interest rate on the HELOC?

.: I would go HELOC for sure that would be best as others were saying the lower cost for the money changes between paying a higher rate for a personal line and typically personal lines they want a higher monthly charge as well independent from the interest rate.  

And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.