The distributions are nowhere near high enough to tying up principal in perpetuity. 

You can definitely get HELOCs on investment properties, but the interest rate is high. 

With high interest rates, we'd be looking at around $3800 PITI.

I live in NJ, and it has a very high cost of living and with the current rate of interest, makes it a very pricey market so to say, and not that investment real estate friendly.

Anyone with directions will be highly appreciated.I am thinking of buying a 4-bedroom property that has some potential for student amenities.

Borrowing from the equity must be done wisely or you will end up with negative cash flow and at high risk due to over-leveraging.NOTE: I use interest rates much lower than they currently are in 2024!

Zillow does have a Price my Rental Tool that allows you to manually review rental comps in the area, and I highly recommend it when setting prices.

Part of this was creating a high return investment from converting your current real estate holding to liquid note investments. 

Investing in real estate requires careful planning and due diligence, but with the right approach, it can be highly rewarding venture.

Or if they want a high-interest rate, and your numbers will not work at that interest rate, or if they really want a crazy high price where it will be difficult to cash flow and refinance in the future.