Does this strategy utilizing HELOC really work on saving money and paying off mortgages much quicker?  

@Shmou N.ShmouYou can collect Rent and all other fees; Utilities, parking, or any other fee needed.We don't currently have a notification of the deposit but I will add it to our develoemt roadmap and you will see it in an update.

So you are suggesting like me tryin to by a single family residence or a apartment unit and live in one of the units and rent the rest out as a house hacking strategy?  

Hey All,
Im a newer memeber looking at the Hunstivlle AL rental market! Any advice or recommendations on where to purchase a long term property for rent are appreciated! Otherwise, I'll try and do the research myself...

.- BTW: the $1300 includes all utilities being paid by the landlord.

I'm also considering Halethorpe because it's a good commuter location.Some people really like supporting the city in which case , northeast Baltimore would seem to the best place to buy a single family, in my opinion given the taxes situation and given that none of those areas are walkable I’d rather just be in the county and pay Lower taxes, and it’s not like northeast Baltimore is much that much cheaper than Baltimore county, hathorpe is mixed, arbutus is nice, I hate the housing stock there, would rather be in Catonsville if I was considering western Baltimore county. 

I should have elaborated in how the utilities are handled.Septic is the only private utility, and thus is my responsibility.

That approach involves a lot of work and spending, and there are better strategies to utilize.

Also if you have a single-family house already sometimes loan underwriters don't approve you moving from a single-family to a multifamily.

Originally posted by @Jack Grove:@Okansa Patrick Were you required to utilize a hard money lender when dealing with New Western?