Most Heloc rates right now are around 7.75% to 10% so if you look at your blended rate between your fist and Heloc you would be better off doing a cash out refinance.A lot of people forget or simply do not know that if you do a cash out refinance the rate does go up but in 12 to 24 months if you do a "rate and term" refinance you can get it back down fairly close to where it was at prior.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

I think that is a fair price and that will help me with my breathing room and hopefully help pay off my place faster, or at least so I can reach 20% equity so I can stop paying $110 a month in PMI haha.I'm obviously going to be checking credit score, making sure tenant has a stable income, no criminal background, etc.

I know these lines of credit are typically variable rate and interest only but when I am buying deals with 20-25% equity that are new construction and cashflow around $500/mo with this loan option, I feel like I have hedged against those risks fairly well.

@John MaustellerTo be fair, the Colorado ski towns haven't literally banned STRs, but they have installed low caps on the number of permits and are getting to those caps only through attrition.

For example I know someone who has a $7 monthly sub-to class that from what I have been told provides 10X more information as is about "doing it" and not hype and mindset.Remember you are the average of the five people you surround yourself with, if you want to surround yourself with a bunch of people who have done nothing and just getting started great - I surround myself with people who have done 10x more than me so I can learn from them. 

The 4-unit is 1/1s, fairly similar footprints. 

This metric became popular post GFC, when properties with a 1% rent to value ratio were fairly easy to find.  

Sets up automatic requests for rent, and is a fairly bare bones but SUPER easy to use system.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.