My bank offered a rate of 4.625 on my primary residence. 

I think it was only line of credit like a mortgageHELOC = home equity LOC, which means securedby your home as a primary residence.Mortgage or othe type of loans can be done on investments, but I'm not a lender.Ask @Chris Mason 

Not exactly an investment since it will eventually be a primary residence, but we may have a few ways to generate some monthly income before in the meantime (and possibly have some small part of it function as a light income property with we finally break ground).Couple newbie details in case anyone has any insight.

If it's a primary residential mortgage, then likely they won't be able to help.

Hello Everyone,I Just wanted to get some advise on a recent move that I did to see if it was a good move or not, and if it was not a good move, can you give please some advise for the future.In June, I bought my first property as my primary residence in Beverly MA, a few weeks after I bought my unit, I got a job opportunity to as a tennis coach, close to the area and in the job they included free housing. so I don't have to pay anything for rent, so I decided to rent my unit, but I am renting it in $1800 a month, but all my expenses are $1910, so that means that I am $110 Negative cash flow a month.

This is a commercial property and not a primary residence so how does the capital gains play a part here?

Despite the extremely low LTV ratio, multiple bankers I have spoken with, keep telling me that home equity lines of credit can only be levied against a primary residence, and not against an investment property, or portfolio.

There are any number of things that can happen where that revenue can go away or severely diminish in value.The ATM could have a monthly withdrawal volume rate that has to be achieved or they could reduce rent or terminate the primary term of lease early.

When buying a primary residence, I alway ensure it is in an excellent location with the potential for appreciation. 

I partnered with a friend of mine last year on a primary residence.