Next in this environment you may be challenged to get $10k rent on $1.3m property.  

Would you be willing to buy a property you can move into it? 

Cost to build- which should be double now, if this property is more than 5 years old., B.  

What is market value of property?  

We've owned this property for 15 years and only once had an issue with a tenant who claimed they weren't informed that it was oil and threatened to sue due to the added expense.

You may run into issues trying to take a HELOC out on an investment property, and even if you can I doubt you'd want to use it for a down payment for a primary because the rates are much higher.What kind of cash flow would you be generating from your multi once you move out?

In other words, the rental license is contingent upon the property as a whole. 

@Steven OlivasThe strategy for long-term buy-and-hold properties focuses on cash flow, appreciation, and risk mitigation.

Purchase price: $33,435 Cash invested: $33,435 Acquired this property through delinquent property tax investment strategy for $11,265.

Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.