Not to mention your husband will still be using it as his primary residence until he deploys which is another exceptable reason to stop using it as your primary residence. 

The roofing company came out at least 3 times (about every month) to do repairs and leak never stopped. 

However, my personal opinion on borrowing anything, in this case the heloc, is that you should have a clear plan in place to pay it back.

You can bypass that limitation by establishing a commercial loan and consolidating all the loans into one larger (portfolio) loan.In summary, find a property with positive cash flow and don’t let "limitations" stop you from building your rental portfolio because there is usually a work around.

But if you spent a total of $500,000 ($300K to purchase and $200K to fix up not including closing/holding costs), then you're still short by $50,000 in the end.So you need to negotiate numbers that work up front so you can pay back your private lender(s), have a bunch of cash of your own to bridge the gap, or walk from the deal.But this is assuming you borrow ALL the money.

Then I would probably explain to them it is the policy of the federal government to have those in residential neighborhoods so the City and/or HOA cannot stop them.

I don't know how Bismark got on there I have flown my plane in there a few times on gas stops not sure on that one.. other than maybe economics.Any way these are always fun to have those defend their home turf.. there is good in and bad in all no place is perfect..

After a few years of receiving cash flow from the multis, and perhaps borrowing against them to acquire more income-producing properties, we could eventually move into the house in South Pasadena to take advantage of the schools, while the in-laws would get to retire on the cash-flow from the multi-families.

The payment must be in our account Wednesday at the latest or work will be stopped and you will be taken off the schedule.

You have to decide for yourself what metrics you want to use to measure acceptable investment return and to determine when you want to stop acquiring properties, and begin just reducing the debt on what you own with your eventual goal free and clear ownership.