This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

You pay them 10% (of nightly rate plus any additional cleaning or pet fees) to basically manage your listing and your calendar.

It might help pay for your expenses if you house hack but I bet the number of markets a 3.5% down payment is cash flowing has shrunk significantly over the past 2 years.

It also gives the tenant time to arrange for 1st month's rent, if they choose to not pay it along with the security deposit. 

Are you going to pay a company or do it yourself?

Which would leave a balance on the heloc for me to pay off.

All pay electronically through our business DBA.

Now, I want to pay it forward by creating a step-by-step real estate investing course specifically for high-earning professionals who might be feeling the same pressures I once did.I know how tough it can be to juggle a demanding career and personal life while trying to invest wisely.

Tenant income helping pay down my mortgage?

I personally prefer to start now, than later.If you can afford a duplex financially with a bank and rent the other half to pay for most of your mortgage, why not?