What did you appraisal state for the land versus improvements when you bought the property?

@John i think it really comes down to the cost of using the HELOC versus the investment line.

TD Bank in your market has HELOCs for $99...rate varies by amount and primary versus investment property.  

NO...... that's absolutely WRONG.Just because you are receiving rents from good tenants NOW does not mean you will always be receiving rents.HOWEVER, there are ways to mitigate the potential to have future loses of your Cashflow.And this is the difference between investing in NYC in great neighborhoods versus other kinds of places that were considered non-Prime areas.Investors don't really understand the strength of a Stable Rental Market that can survive even the Great Recession.

Fortunately historically the appreciation of San Diego has had a far better ROI versus better cash flow locales (verifiable fact).  

Real estate investing like most other endeavors is a risk versus reward scenario. 

You also might consider Vancouver as an option versus because the inventory problem is less, keeping prices more reasonable.I have a lender with a 1% conventional down payment, but it requires no other mortgages, a few months of PITI in the bank at closing, and requires, you guessed it, good credit.I would suggest making your life easier and concentrating on the credit first.

He's counting on that tax rate to bring home more than $16 TRILLION in overseas profits (taxable @ 15% versus... who knows how little... .5 to 5%?)

Paying off personal debt makes this a consumer loan (versus a business purpose loan to an investor) and subjects the lender to all rules and regulations of CFPB.  

The strong economic growth has led to an increase in buying versus renting, which recently was as high as 40%.Home prices in the Arizona went through sharp highs and lows in the real estate bust, which saw a small boom with vast foreclosures.