@John Underwood - I used to own an 8-plex and developed a spreadsheet with numerous formulas that would calculate everything automatically after I entered each line item in a ledger.

You should not assume that you can automatically renew a HELOC at the end of the term.

Just to make it more clear as I missed putting it in the original post, Yes we were on auto-pay so it was automatically deducted.

If you live on site and rent out rooms that's cool but, if you live off site and rent out rooms then that becomes a rental.There are plenty of companies that will do to a NO INCOME/NO CREDIT SCORE on about any loan you want as long as they get an Automatic Payment Agreement and a few other tid bits about the equity in the property or other collateral that you may have.

Which doesn't automatically mean that what you want is worth doing but if you already have the flooring removed, it shouldn't take more than day to change the locations of your toilet and sink.   

I believe Zumper automatically populates to the facebook marketplace.I avoid Craigslist because it's full of scams and scum.

If you do this, you will automatically get in to the real estate investing, as you'll get hungry for ways to make money work for you rather than you working for money.

The rates will look higher but the private MI is based on your credit profile and will drop automatically with 20% equity in the property.

Through ACH it automatically applies to the tenants ledger and they can set up automatic payments.

Put an automatic rent increase of 3% in his lease so you won't have to think about it in the future.