Below are some quick tips about cash out refi vs HELOC/LOCCash out Pros-tax free money-low interest rate-fixed monthly payments unless you choose a variable productCash out Cons-closing costs (couple thousand)HELOC/LOC Pros-tax free -its a line of credit, hence you can use pay back then use again-usually NO closing costs on residential Helocs; there will be closing costs on commericial LOCs-commericial LOC is very fast moving as far as getting funding and refinancing  (Makes it easy to rinse and repeat)HELOC/LOC Cons-higher interest rate-variable rates-monthly payments depend on amount borrowedHope this helps,CB

If so, is this why Wolf Laurel is attractive or because it is a development that allows this?

Quick reference/experience check: has anyone ever worked with Tom Salviski?

I know that areas near Park Ave, and University of Rochester have strong rental demand, but I was hoping to speak with anyone who has other areas that are relatively safe for the city and can attract good tenants for cash flow positive rent. 

You would also be able to hedge your property against an upcoming market drop in the sense that you bought the property undervalued and if you needed to sell quickly, you would have a property that is in good condition potentially compared to other multifamily units.At the end of the day though, you are the only one that can decide what is best for your current situation along with where you see yourself in a few years.Good luck to you!

Since I am in my growing stage of my hopefully long term real estate journey, I want to purchase as many buy and holds as quickly as I can (I am 30).

Lots of people wanting me to pedal expensive "get rich quick" investment educational programs on their behalf.  

Steve Vaughan Thanks Steve for the quick twosomes.

With my current financial position, the properties need to have at least 1.2 rent/value ratio or higher, be 75% of value, and $150k or less. if the numbers work out in the near future, i would like to start using hard money lenders for the down payment and closing costs on the properties, and purchase them traditionally. i would like for these properties to also have a 1.0 or higher rent/value, and with my current credit i can get approved for around $150k-$200k, so the property would need to be below that. once i fill up my 10 allowed traditional financing properties, then i would go hard money lenders for down payment / closing costs, and private financing for the long term. by that time though my own portfolio should be able to provide down payments in leu of hard money. your comments and positive feedback / critizism about my strategy going forward is appreciated. i am a brand new real estate investor, finishing up on my first hard money/refinance acquisition now, so im just getting started and looking to grow the portfolio quickly. thank you

Also, how can I make my offers stronger and attractive?