HELOC is good for temporary use of money.The advantage of a cash out refinance is lower interest rate.

@Jonathan Perez if you find a deal that makes sense and you're able to secure financing I would take advantage of it.

The husband and other occupants dont want to leave as they have bad credit and are just trying to take advantage by calling city on us.

Another option would be to take advantage of low interest rates and do a cash out refi to put more of that equity to work.

Until then, take advantage of the consumer rates you have access to.

There is also likely 10 horror stories that is not shared for every 1 that is shared.I live in New York City and I invested in two long-distance cities successfully - Allentown, PA and Jacksonville, FL.I would like to share the tips that I took to become successful while avoiding getting scammed or taken advantage of.

You earn no advantage unless the property is actually owned by the Limited Liability Company. 

While we are here to make it easy for the seller to sell to us as buyers, we are not here to be taken advantage of. 

How would you look to take advantage of a shortage of rental demand in a more owner-driven area? 

If you know an area well it gives you a competitive advantage compared to others who never visited the city.