As I build up my cash balance I can use less and less of the Heloc and eventually not need it at all.edit - I don't really care what the interest rate is within reason for my uses, it's all short term.

As an additional caveat, our plan is also to eventually do cosmetic renovations in 3-5 years when the rental market has matured a little bit and we can significantly increase rents.  

The eventual goal being to transform it into a Self-Directed IRA and have him buy his 1st rental property through it at a young age. 

Consumer items depreciate and eventually are cast to the landfill.3.  

I eventually took out a 8 month interest-only personal loan for the entire purchase price at 5.5% There will be permanent financing options available after the rental has "seasoned" for 6 months; since I bought the property at auction as a "case only deal," conventional financing wasn't allowed by the seller. 

I want to own 50-100 units eventually.

I was also lucky enough to have bought my primary home in 2009 which eventually gained over 150k of equity over 5years.

Eventually I'll probably want to be mostly passive but it's hard to get good at something and not enjoy it :)Anyway, if you're a frequent poster here chances are I've already read a good number of your posts so....THANK YOU for being an amazing resource for me already as I explore this exciting corner of investing!

We eventually want to move towards rehabs and rentals.We are most definitely looking to expand our networking with others, we are always looking to add other investors to our list of contacts as well as buyers.We are extremely excited to be here on Bigger Pockets and look forward to connecting with as many people as possible.Thank you all, and have a great day.Bryon and Stephanie MonsonBSM Ventures, LLC

It will eventually leak.