Best of luck on your continued journey, HELOCS can be a great tool to utilize untapped equity in a house.

By utilizing section 8 income we will turn it into a property that is insured beyond belief and make over $ 418,000 gross $320,268 net.

for one tenant it says that the landlord is responsible for utilities, and for the other tenant it says that the tenant is responsible for utilities.

@Gene PanicciaManagement fees vary, but it's not uncommon for a PM to charge fees for managing tenant-paid utilities or coordinating repairs.

Tenant pays all utils except water.  

.)- Colorado Springs REIA (https://www.meetup.com/colorado-springs-real-estate-investor...)Hope to see you at one of them!

I’ve been in this unit for almost a year now and I’m thinking about moving out and renting an apartment for $1000 a month all utilities included.

From what I can tell, the extra equity on the house could be utilized to provide better ROI.  

There's a few different ways to focus on a lower rate such as with house hacking and making the investment your primary residence, requesting a significant closing credit from the sellers for standard rate buy-downs (which I've had great success with recently), or utilizing lenders who offer short term rate lowering solutions such as 2-1 rate buy downs (again, ideally paid for by the sellers).

I got into RE investing utilizing the same strategy as you're exploring.