However that is a long time to just wait, maybe get your RE license and help people buy and sell homes and mabye you'll realize its more fun than being a property manager. 

The subject property you listed is in a solid location, its close to both Short and Long Sands Beach (two beaches in the area). 

Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.

I was over there last month.....its definitely came a long way!

I have 9 doors with a mix of str mtr long term and rent by room.

Long story short, it's been poorly managed for the last five years.

I don't know your market, of course, but there does seem to be a problem with that long of a vacancy.

This will boost your success in the long run.

I have a few long term rentals in Minneapolis and looking to find the right city to start in.

Grout lines are paper thin, the tiles were not affixed properly and water has been going into the wall behind the shower for who knows how long.