No telling what issues this could have caused if I didn’t know they moved out and there was no power to the home for a month.

If the second property you are buying is not turnkey, will require some work, and there is a clear value/range of what you can bring the property to by adding value then you can refinance to pay back the majority if not all of your HELOC (used for downpayment or to buy the property completely).You'll need to know how to analyze an after repair value of the property to figure out if that technique can work or not.

There are still several powerful wealth generators from a long term rental and cash flow is not the only one. 

However, these are advanced techniques that are rarely as easy as they sound, and they all come with additional risks.

**Save money**: With reduced expenses (gas, power, tolls, etc.), we estimate that we will be about to increase our savings from about $600 per month to about $2,000 per month.4.

One has needed about $60,000 in work but will be a power house when I go to BRRRR it around December.

Let me share some insights that might help you evaluate your options.Regarding the HELOC on your SFH rentalLeverage and Risk Taking out a HELOC that taps into most of your equity can amplify your purchasing power, but it also increases your financial risk.

After checking with the power company on the status of the power they said crews have been out and they showed power being used at the residence.

Thankfully both are undamaged but power is still out.

House hacking is a powerful strategy, and where many including myself have started out.