Quote from @Henry T.: I'm sorry in advance if I sound blunt or stern its how I work.

Originally posted by @David Dachtera:Um, @Larry T.?

I recently opened a HELOC and I recall it's at prime for the first year (7.5% currently), and I only paid minimal closing costs.PML or HML I would expect rates >10%, plus points, possible prepayment penalties etc.

Since the property is in Los Angeles County, I expect the eviction could take 4-6 months, followed by another month or two to secure new tenants.

We had a client that bought in Port huron and then ended up selling their property because they went through 3 PMCs and gave up trying to find a great one:(Some copy and paste advice below:--------------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

So In my calculations I expect all three to rise.I think we were saying the same thing.

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

You are limited in your options if something worse should come along later, such as a large investment going bad.If $10,000 CDN is a show stopper for you, how do you expect to manage a $600,000 CDN property? 

@Shayan Sameer Yes in case the projects do not work as expected you will have an issue with paying off the HELOC  on  your properties unless you do a cash out refinance and then the risk is not so much as there is no second lien(HELOC)

This collaboration will ensure your investments align with market expectations and your long-term financial goals.