Today both units are STR booked virtually 100% and the rent is ~$15k/month total. 

(Also, totally open to opinions on these strategies or others we haven't thought of!)

Leverage is a force multiplier: It can move a project along quickly and increase returns if things are going well, but if a project’s loans are under stress – typically when its return on assets isn’t enough to cover interest payments – investors tend to lose quickly and a lot.As a general rule, leverage should not exceed 75% of the total property value, including mezzanine and preferred equity, because both of these types of debt sit ahead of common equity in payment order.

You can't set it up just for purposes of qualifying for a Solo 401(k).Also, if you contribute to your day job's 401(k), you can still contribute to your Solo 401(k), but the total contribution limit ($18,500 for 2018) is the max for both plans combined, not separately, meaning that it's not $18,500 for your day job's 401(k) and $18,500 for your Solo 401(k) but rather a grand total of $18,500 for both.

I'm sure you've seen a lot of investors on this site and others who bash us regularly because of their personal experience with bad managers (or people who claim to be managers) and I totally understand it.  

Not a lot of product in immediate area.purchase price $820,000renovation costs post purchase: around 350kTotal Monthly Rent: $7,000 (after renovation/ pro forma)Annual Rent: 84,000Vacancy: 5%Total annual Expenses: 25,000Annual Debt service: around 50kcash down: 500kall in costs: 1.2mANALYSIS:My analysis is that I spend money and my time to achieve a 5 cap.

So do I take that out of the total price as an amount already paid or do I give it back to them to put toward the down when it comes time to purchase?

She is working, I am currently not, but our total household income is 150 % of median in our area, 50 % of which (as of a month from now), will be disposable.We both love our careers: me an international lawyer, she a nurse...

I am waiting on the six months because I am sure they will appraise well enough to get my total investment back in the bank after the loan closes.

@Henri MeliThank you for your response; it seems the variable rate is quite common@Temitope AdebayoSo are you saying I'm not charged with paying off the HELOC, but only the interest that's associated with the total amount?