A warning however is that all HMLs are not created equal and if you find one that wants money upfront and promised to fund any deal, hang up and keep looking . . . you will see a number of newbies get scammed in this area.Good luck and feel free to reach out with any questions

I bought both of them cash money and should be receiving the deed in February because it takes a while to process. 

Cincinnati is known for their low overall sale prices and strong rent yield which will bring on cash flow.

Either can work in the long-term, but if I had to do it over again at 23, I would suggest a 2-4 unit that demonstrates the ability to cash flow assuming all units are rented.

market is too small and its all cash and carry basically. 

Purchase price: $102,000 Cash invested: $6,000 Originally used as a short term rental, this property is now a mid-term rental (min. 30 days) and continues to cash flow.

Cash out refi does not make a whole lot of sense since I'm in at the low 3's. has anyone used a HEL or HEI loan to finance a property?

Purchase price: $115,000 Cash invested: $60,000 Sale price: $235,000 Small town reno, great return.

Does the loan amount include cash-out? 

Worst case i will use a heave down payment using the liquid home equity cash to qualify for that second mortgage.advise 🙏 please