I’m going to take a look and see if I can pull a tax delinquent list for the areas where I’m looking to do deals.Happy Friday Good luck.

@Ryan Rabbitt Did you end up pulling the trigger? 

It can increase your capacity to pull off certain deals.

My primary is not ready and needs more work before I pull the trigger.

I was able to pull 110k of equity of out this property that I had bought for 108k.

With pulling out your equity (or selling), you can diversify and buy more.I did sell one of my places and used that money to buy two others. 

Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

The most recent numbers I pulled for Sherman and Denison SFH shows that the avg DOM for leases are right around 50.I hope this helps!

Additionally, I wanted to begin using properties to pull equity to go towards buying more.

You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.