I rather keep my current cash flow and just have a HELOC that gets paid down rapidly vs increase my current cash flow for cash I can only use once (yes I know you can use that cash multiple times through multiple refi's). 

Some thoughts:Appraisers use a weighting system to figure out how much the value of a home should be.

You can make anything cash flow with enough $ down, and remember most the time if you have rapid appreciation at some point in the future you will have rapid deprecation.  

If the roof is a flat metal roof, see if it has at least a 2% slope on it, otherwise it is vulnerable to roof leaks especially in a rapidly melting snow.  

Hi everyone,I am looking for a bank in the SW Grand Rapids area that loans on the "brrrr" strategy.

Is anyone investing in the Grand Rapids, MI area?

I definitely think the risk of not buying is the biggest reason I am looking into this now, I think balancing the risk of buying (potential for a crash or for negative cash flow) with the risk of not buying (missing out on major market wins, being tied to rapidly rising rents) is going to be the big thing for me. 

Rapidly you'll likely want to scale up, so get the best lease terms possible to be able to do so when you next loan qualification rolls around.

Lents hasn't followed the same narrative as other neighborhood that have rapidly gentrified, but by my math, it's had steady appreciation in its existing housing stock, as well as steady investment in renovation of individual properties.

These are big responsibilities and time consuming, so they may consider a weighted compensation from the rentals for compensation of these positions.