Any changes there could significantly impact the outcome.Lastly, 4.25% interest rate isn't out of the question, but again, you want to make sure that is a rate you have locked in with somebody, as a first time investor may be staring down something in the 5%-6% range. 

Equity in the subject property impacts interest rate pricing.

Dont want the monthly payments too high to impact with my cash flow.  

While the cause of this (likely) upcoming recession isn't real estate specific like 2007, how will the impact ripple into the RE markets?

Get your hands on the various impactful books out there (Rich Dad Poor Dad!)

Obviously, this type of financing impacts your numbers, but could be a way to scale faster than involving a bank in every deal.

My question is now that its a sellers market should I pull all of the equity out and wait for the impending doom for buying power or just pull out what I originally asked for which was 60k that way I can braced for what impact might happen for any vacancy that might happen?

It seems if the area keeps growing home prices and rents in Everett are a good bet to rise, although I am a bit worried about how much of an impact the 737 Max grounding will begin to have on the rest of Boeing operations, including up in Everett.

I also buy properties for long term holdling, My questions is that if I open HELOC first, will this amount be counted as part to liabilty thus impact ledin hour for future.Thanks BP

My typical day varies, but the two books which have had the most impact on me are Getting Things Done and Traction.