So, input is appreciated, but negative comments and or energy will not be accepted.

I know it can be profitable, but I'm wondering if you get the ROI time and energy wise if you're less involved. 

The challenge with owner financing is theInterest is ordinary income so if you think your tax status will be higher in years to come then you might be better off biting the bullet now.

In addition to the standard things you would look for, you should also consider the following in a home of this age:- lead paint- knob and tube wiring- energy inefficiency

So you'd probably have to use an alternative energy source for that. 

So if you really need that cash out to do another deal....maybe we have to bite the bullet.  

You'll be tying capital up with every deal, so the question is how many bullets do you have? 

So we might need to call around to search for one that does...or bite the bullet on this loan for a few months and then refinance out. 

the reason for a HELOC or Refinance is that should give me what I need to get 10% down on any property that I find that works out when I run the numbers.I am looking to do the leg work myself, i know that there are plenty of headaches with repairs and property management, I want to leverage my time and energy as much as what I have in the bank, I want to use an STR to springboard myself into more properties faster.

Also if some poor bullet dodging devil dog is being moved from camp L on Parris island to camp Hollywood or wherever.