As posted above, though, OPM may not be practical for a novice investor. 

that sounds good in theory, shows great innovation on the part of the OP, but has a huge risk in practice.  

So when and if they tried that stunt on us we just would keep the EM and resell.but in practice those guys always closed we smoked them out day one.

I am also becoming an agent soon and it is an illegal practice of law to draft a lease agreement as an agent and one could loose their license.

By that, I mean the contractual penalties, not the practical penalty such as loss of principal due to foreclosure of the property, dilution, and so on.Then, you must decide whether you “want to” meet this capital call.

This can be complicated in practical use, and would be the reason I would suggest to reach out for a professionals help!

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Make sure your listing is SEO optimized with the right keywords to attract more renters—many property management companies can help with this, along with tenant screening and payment management.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Quote from @Seo Hui Han: A HELOC and a Home Equity Loan are the same thing.I have an excellent residential mortgage broker who can help you with this, he's based in Orange County.