Better to build your own equity through the debt pay down, enjoy the tax benefits of ownership, and garner the equity of an appreciating asset.

When it's time to sell, you can use a 1031 exchange to avoid paying capital gains on the sale.

It will familiarize you with the basic terminology and benefits.

The flexibility of the HELOC will benefit you more every time, and although your spreadsheet might night reflect it, in real life, that flexibility will almost certainly result in lower cost to you over the life of the loan.

I look forward to continuing to gain knowledge through this forum and hopefully giving some back.I have started searching for properties and putting in offers through a Real Estate agent I trust. 

The upgrade benefits the tenant directly, but also yourself by improving the asset you own.

So far I'm appreciative of this current plan to be rent free and gain a ton of experience grabbing this first property for him, but he said if there is a way for us to both come out with a property at the end of this, he'd be willing to listen.

I put to use many of the skills I gained building and renovating homes with my father when I was younger.

Each stop yields exponentially more candy at the end of the evening than it did at the beginning of the evening because demand has just gone way down and each homeowner is wanting to hand off as much of the weight-gaining Fun Sized wrappers as possible.

We have clients using private banking systems to gain additional revenue on their rental property.