Most I've seen are 10 years-It sounds like there's some type of annual review so staying on top of DTI ratio would be big, this is what makes me nervous about Johnson Bank is I feel like if anything were to happen to my income for even a short period I would be frozen even though I have a nice emergency fund/stock $ to fund anything that could happen-If you want a new appraisal done you have to pay the $425-I could do a slower version of my initial strategy (have my current mortgage and a 2nd lien Heloc with them; pay chunks of principal only payments to my mortgage and then every $10k I add in equity I could refi my Heloc to up that line of credit)-DTI 43% or less-You can have up to 6 Heloc's open before you're considered commercial-Could basically use a Heloc like a checking acct. if you wishAfter finding out more it seems to me like a 1st lien Heloc would be perfect for a person/couple who cash flow a lot of money, aren't investing too much in real estate, and want to pay off their mortgage fast.I'm cash flowing a decent amount and want to build a good portfolio of real estate. so having hundred of thousands tied up into a variable rate may not be my best option. 

The ones I focus on are HVAC and plumbing as these are the main "emergency" type calls you will get. 

The difference between the two “seem” to be the following;-Pocket CFPRO’s: regaining of down payment, self-generated on-hand cash reserve for emergency repairsCON’s: TAXES!!!!!!!!!!

YOu might be able to get emergency eviction hearing if police write up or have written up any incident reports on the property.. 

@Dylan FalsoFirst, I would ensure that you have at least 3 to 6 months of expenses saved up as an emergency fund for your personal expenses.  

My thinking is to replace it now when I have access to the money instead of waiting until they break and having to dig into the emergency fund.2.

Talk about a major pain, especially when their appointment window is 8am-4pm, and it could be cancelled by them if technicians are needed elsewhere else for an emergency.  

Doing so will give me the following:* $20,000 for property acquisition* $5,000 for unexpected expenses related to the property acquisition* $10,000 for emergency fund (approximately 6 months of living expenses)* $5,000 for liquid spending, bills, etc.In other words, at least 15k would remain in my bank account after the property acquisition.Here are my questions:1.

We are putting an electronic keypad for front door, hiring our own cleaning crew and a person who will be on call for emergencies, repairs and maintenance and inspections before and after each rental.

Get the debt to zero , save an emergency fund and then think about investing.