Hi Garry,To ensure your safety, it is highly recommended to visit areavibes.com and select the "See more crime data" option.

For those navigating this evolving market, here are some critical takeaways:Price CompetitivelyCorrectly and competitively pricing your property is no longer optional—it’s essential.

Using a HELOC for the down payment on the second home might be an option, but lenders may require you to wait a few months post-closing on the multi-family before approving new loans.The BRRRR-style approach could work if you can renovate and refinance quickly, but make sure the timeline aligns with your lender’s requirements.

Speak with a lender now to understand your options and start building a plan.

Quote from @Dean Sexton: There are benefits to both options.

I’ve realized I need more passive options, and have moved to a syndication and private lending.

Also, think about creative financing, seller financing and sub to can also be options to grow your portfolio.

There may be other options. 

Every single one of them has either said no, they didn't, or "I didn't know that was an option." 

Assuming you go the HELOC route, another option to reduce your costs assuming you have decent credit is to look at credit card balance transfer promotions.Back in 2003-2004 I had HELOCs on my investment properties and interest rates were increasing.