I am seriously considering taking $150k of it and buying 3 new builds $50k down as rentals in somewhere like a Houston TX subburb, Wichita Falls TX, Oklahoma City OK, or Kansas City, MO.

Hi All - new to Houston area and curious if there are any existing mastermind groups open to new members and/or if folks are willing to start one with me?

But given our high cost city and sky rocketing interest rates, early and simple analysis of any property has so far resulted in negative cash flow. 

@Katy Houston,I think this is great news for Denver.

So, they would refinance your current mortgage and then provide the 95% LTV HELOC.In my situation with the option they gave me it doesn't seem to be far off from my current mortgage, I'm currently with rocket mortgage w/ a 2.8% ARM and to refi with Lower (in order to get access to the HELOC) the new interest rate would be 4.1.

@Chris Hutchens I'm an active investor in San Antonio and Houston.

It is not rocket science, and any good remodeler should be able to handle it. 

I have some clients that are interested in looking at Condo/Townhouses in Houston as an investment, but I'm not sure what to recommend they withhold as Cap Ex from their cashflow when running the numbers.

The Palms saw prices sky rocket when people found out they had the potential to make $50k - $70k and they were selling for $170k- $300k.

I agree with James actually, we are in Houston but we are seeing a lot of borrowers acquire rental properties in the Midwest.