Would like to wrap my Michigan property or all of them into a HELOC and possibly pay off the Virginia property with the combined equity using the HELOC strategy.

I'd love to get together and talk real estate, deals and strategy with any or all of you in the area.

For instance, inadequate/improperly designed water diversion systems can cause major problems (e.g.; rot, masonry degradation, foundation settling) that won't emerge for several years.

I am pretty sure that I will be coming back to Arkansas within the next few years.I have plans to invest in Arkansas before I come back, and when I do come back I will likely be remodeling an existing home or building a new home in Central Arkansas, so maybe I'll need your services for one or all of those things.Jan

Hoping to get most or all of our equity out to purchase new property for ourselves.

@Dominick HayesThere are multiple ways to house hack but it essentially boils down to living somewhere (that you own) and having someone else pay for most or all of the expenses associated with the property (sometimes they pay above and you make extra cash flow).My personal example of what i did before i even knew what it was called.

The subject property is the only eyesore on the street, it appears to need mostly just cosmetic interior/exterior upgrades, and it basically pencils out at 7 units-- with an 8-unit conversion it will allow a refinance of most or all of invested cash within 2 years.

This being said, non-recourse loans are usually provided to individuals/companies that have one, a combination, or all of the following:1.

You have several strategies when looking at a primary residence as a long term investment:1) Convert some or all of the property to short term rental (maybe even while you're living there)2) Move out and make the property a long term rental (the first of your portfolio!)

Its possible to inadequate insurance would create liability even with a non-recourse loan.