The HELOC for the eventuality that you find problems that are more expensive than you predicted, and use as an emergency fund.

However, after meeting with a friend who has real estate experience he mentioned that he predicts in about 12-18 months there will be a downturn of the market and an influx of foreclosures due to the pandemic forebearance.I now feel like our momentum and excitement has come to a screeching halt and I am unsure of whether or not to invest in this market.I understand long term the market works itself out, however, if I bought this multifamily unit on my current income, I cannot afford for the rental market to depreciate as well which is my fear.The mortgage would be about 4K.

We hold these wholesale business-purpose residential real estate loans on our balance sheet, and they generate a predictable stream of income for us.

While it's challenging to predict future rental increases with certainty, historical data and trends in the Memphis area can provide some indication.

Ever think on that, why isn't this giant commercial building with this huge open football field of a roof simply throwing up solar?

I would want a fixed interest rate for as long as possible for risk mitigation on refinancing & predictability of debt expenses.

It is a long football field shape lot, with a small single family rental home on it.   

Hi Greg,Thanks for your comment.I'm glad that you asked lolThe beautiful thing about the pockets we sell in is that there is a mix of owner occupiers and tenants (Investor owned properties).I'd say that it's 50/50 owner occupied and investor owned.Our #1 "pick up" line that we tell investors is that "Our entire staff, including the Dingo himself live in the same area's that we sell in""So you''re tenants are our neighbors"If you ask me mate, that's pretty un-heard of for any turnkey providers to be living in the same areas they sell.Now, Toledo isn't Beverly Hills by any means.It's a blue collar working class town with blue collar working class residents.Decent people that are hard pressed for money but they do their best to pay the rent.Not too much turnover and only a hand full of scenario's over the last 5 years where a property was damaged more than just a basic turn.There are many exit strategies in my opinion.The biggest being that I predict that eventually all of our tenants will want to buy and own again (Just like many did prior to the GFC).Why?

You could get parents visiting college kids or out of town football fans.

I have a 13 year old son who requires that I throw and catch the football or shoot hoops.