I would sit down and come with your crystal clear criteria and use that as your guide. 

There will likely be a national slowdown in the economy and thus RE markets, hold on let me get my crystal ball to tell you when that's going to happen ;)

My wife, Crystal Ryan, was my agent.

My wife, Crystal Ryan, was my agent.

@Crystal H.

Does your crystal ball see the federal government coming up with the next great plan to "make the American dream of homeownership affordable again" anytime soon?

As first time STR investors, my wife and I are trying hard to nail down our CCCs before reaching out to a real estate agent in our preferred market. I'm willing to be flexible if needed, but I'd like to be as clear as...

I would consider the following steps1) Speak to a Lender to see how much you qualify for2) Determine your CCC(Crystal Clear Criteria) (Location, Asset type, purchase price, size of house, etc)3) Speak with agents and wholesalersBest of luck

No one can polish their crystal ball and give you an exact answer.The second issue is the HELOC line of credit probably has a maximum life cap of 18%?

Get an attorney to draft the operating agreement of your new company and make sure things are crystal clear.