HELOCs are ARMs but you pay nothing if the balance is at $0, whereas a cash out refinance is fixed but so is your payment even if you haven't used the funds.So if it's something with a lot of turn-over, like flipping, HELOCs are better.If it'll be something long term that you don't quickly pay off, like buy and hold, cash out refinances are better. 

I'd rather have it empty than have a difficult tenant, it's just that this is the first time I've been turning down so many applications.So, my questions for you go like this:  What's the ratio of good qualified/unqualified applicants for B class properties that you've run into? 

It's very difficult to do it in CA because of the way the market is and the big dogs who are your competition.

I find Newburgh Heights to be another city that is difficult to deal with.Case & point the only way for a person to ensure they never get fined by a city for something one of their tenants did at a rental property is to avoid buying rental properties all together.

Flipping is even more difficult in my opinion.

It can be done, it is actually not that difficult, but there will be some risks and set backs along the way.

You may be able to get them into an amazing walkable neighboorhood while paying 0 in rent and affording them a superior lifestyle balance, also possibly freeing their income to make stronger investments with you. 

Usually GREAT tenants, but your NOI for what you get in rent vs. your mortgage and expenses may make it difficult to even get the 1% ruleC Neighborhood?   

In later years, as your loan balance is paid down and your equity position increases, then return on equity tends to decrease. 

More so, I am curious your opinion on how difficult it would be to syndicate equityfor this type of a deal.