The interest rate on a HELOC is usually higher than a normal 1st lien mortgage, but I am seeing some cases where HELOCs are in the 6's and 7's (where credit score is high and LTV is 65% or lower), which make them pretty comparable. 

I normally just do new construction on these pemb, so I have never done an actual modification of an existing pemb to increase the square feet. 

We are looking at mostly central San Diego (Normal Heights, University Heights, Hillcrest, Talmadge, SDSU).

Trying to narrow down which strategy will best suit our goals and lifestyle is my current focus, and I am looking forward to having meaningful conversations here on these forums.

Its becomes a lifestyle.You REALLY need to be into that "lifestyle" since I believe your rate is higher. 

However, the personal property assets such as 5 and 15-year may be using the “mid-quarter” convention instead of the normal half-year convention.Don’t forget, STR’s have a depreciable life of 39-years instead of 27.5-years.

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

Insurance is for the "normal" what-if's.

Gutter Cleaning: Twice a year, normally the tenants responsibility but often overlooked.5.

Considering Austin is not a cheap place for housing, would it be normal to pay over $250K+ for a BRRRR property?