Start close to home with a nice B property; good tenants, fewer headaches, etc. just to get an understanding of how it all works.

The PM fees consume much of the expenses.We do not self manage an STR. 

Just know that if the property you intend to get the HELOC on is a rental property, there are far fewer lenders that offer HELOCs on rental properties. 

There are random shootings and they are really saddening but thankfully they seem to be getting fewer and far between.

I know that "it depends" but mostly looking to understand how that return could change as you increase the amount you go in with.As a follow up question - The higher the $ the fewer the players.

If a lender won't disclose their fees early, I assume they're just trying to string me along and then drop a big fee (and then try to scare me that I can't close on time without them).We're definitely moving away from an environment where consumers are ok with lenders hiding fees and limiting folks ability to shop around.

Thank you for your thoughts.CharleyEnvironmental liability, wrongful foreclosure, usurious interest, violation of any CFPB statute or Frank Dodd violation for consumer mortgage notes, and the liability attached to real property ownership if the property is transferred by foreclosure, deed in lieu, etc. 

Then you have to find a replacement that might be worse (or better maybe) very time consuming.

They are expensive, time consuming and inefficient.

BLUF: it's okay to use USAA if you are going to house hack as a method of scaling your real estate investment business...I would recommend finding a lender that understands your need beyond the normal consumer level services.