They also have a first position HELOC that is an unusual product.

I don't think I'll need to HELOC my primary homeI have some "entering at market highs" fears and have been shying away from SFR in my research as a resultAlso slightly deterred by seeing MLS listings for duplexes to four-plexes locally selling for 4-5x their purchase price from 5-7 years agoI am still debating whether I'm willing to do Class C properties for fear of headaches that may arise.

Money are not free: you are buying time, it worth every penny.Your Tenants pay the mortgage, interest in it, taxes, insurance and then some.....if you’d saved these money you borrowed, you’d wait 10-15 years to buy that income producing asset.Your primary residence is an exception, however, HELOC on it still let you put downpayment on these rentals.It’s wiser to not think how much banks make on your mortgage but rather understand how much you make off that asset

Have you looked at a HELOC to pull money out instead of full cash out refi?

Is there two liens or just the one HELOC?

Our approach on the third property is BRRRR strategy using a HELOC from a current rental property that is paid in full.

Do I have to have a job to get HELOC?

Is it possible to get a line of credit on a rental property  that I converted to an LLC(Massachusetts)?Thanks 

Would a refinance be similar to that, or would it cost me significantly more (think if you bought the house at 3.5% years ago and now it's at 5.1%) This may determine whether you could cash out refi, set up a HELOC or look for more creative strategies.3.

There are several strategies you could take...1) Secure your FTHB financing and purchase the duplex gaining instant income. 2) Use a HomeStyle Renovation Loan to renovate a property possibly gaining more equity and the potential use of a HELOC to jump into a new investment. 3) Purchasing maybe 2 properties at auction with your cash and flipping those/wholetailing those...