we have prepared detail business plans, we also have proper income statements from last two years and have good credit history. 

Hey BP, I recently started a discussion called "Looking for feedback on my next move", and have since been giving more thought to obtaining a HELOC or Home Equity Loan as my "no or low money strategy".Here is the scenario: I had my realtor run an analysis of some local comps, and she believes my primary would appraise at $272K, and my loan balance is about $226K, so equity = 272-226 = $46K (approximately).

It's never going to be a $400,000 house, but could be a $350-365k house with the proper upgrades and aesthetics.

My firm also allowed me to take a loan of up-to 50% of my 401K balance.

This may seem a little obvious if you look at a map, but North Highland Park is actually at the eastern end of Northside and the area directly north of Highland park is a much different market than North Highland park proper.

Your landlord did not properly provide you notice for entering your unit.  

I think I am ok with this, as long as he gives me proper notice before he decides to terminate his stay so I can make the rental available on the VRBO calendarMy questions are:1) Is there any reason I shouldnt do this outside of VRBO?

I did quite a bit of research when I heard about the HELOC to pay off you mortgage and then using that account as your main account to funnel all your income and expenses in/out of etc etc.....the principle is that you will have on average a lower balance that your are paying interest on each month etc.....and read a lot about comparing that method vs just applying extra principle to your mortgage.

I mostly need guidance on deals and tactics as my current tactics are pretty barbaric, I can power through any bad deal with my income from my full time job.I hope I introduced myself properly, I am open to any and all suggestions.Thanks,

Arthur Voskanyan  A cash out refi is generally a first lien 30 year fixed rate VS a HELOC is 10 years interest only second lien with a variable rateRates depend on the loan amount, your credit, if you occupy the property, the loan balance, ect @Chris Mason should be able to provide you specifics