A true recipe for financial disaster.

Prioritize your financial stability.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

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.

@Amir PortalRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

JBF Financial Services LLC DBA Finance International Group is a boutique mortgage brokerage that only does business in Florida.

I am currently unmarried, no kids and recently out of residency with six figures in medical school debt.

The majority of investments is a game of "race to the bottom" and "who holds the cheaper debt" card. 

could it service the debt on $1m?

Not because we had failed - this was a four-year resident entering their fifth year on the property when they got into financial trouble.