Interest only always scares me especially in a market which is very high (assuming the market you're in is).

@Scott Mac I had thought of doing that before the Ebay guy moved in. I

The potential conservative return on what I put in is well worth it. 3 new bathrooms, new carpet and new flooring in the whole house plus a brand new kitchen.

What class of neighborhood do you want or have to be in.  I

Also, when you make a sale say 5 years in, is the remaining interest on the mortgage dissolved?

Since I moved in I got an FHA loan and put down 3.5% down payment.

I've been in real estate for a long time now but never had the courage to jump in. I

Thank you @Derek Robinson.What neighborhoods are your homes in?I

Just to chime in - I own a 3BR/1BA rental on MDI (in Northeast Harbor) and the summer demand is absolutely gangbusters - even this year.

If you are doing multiple BRRRRs where you cash out 65-75% of a property's equity and create a long-term line of debt, how does the amount of debt you accrue not vastly outweigh the monthly income you bring in?Is