If the interest rates rise too much, wait until the market reprices itself.

I wanted to wait until I ran through the checklist and scoped the neighborhood.

Refinancing will be less than ideal because it costs several thousand dollars and rates will likely be higher then.

Times 2 years, and you'll be $3k short of your projected expenses.Now add into the mix the increase in costs from what you are using now to estimate your future CAPEX off of, and you won't have enough money...even if all goes well.Saving for CAPEX through your cash flow is a losing option.Let's just see what happens if you do have added costs, and vacancies per year:assume 1 month vacant and one month worth of added costs per year, and you would end up saving only around $4500 per year.That would put you $6k short of your 2 year estimate, and (assuming you will only have the 3 years after that) $1500 short at the 5 year mark.The HELOC is there waiting for you when you need it.

Congrats on joining and can't wait to hear more from you and your journey!

Just my messed up mind running through thousands of things on my plate.When I am just in a relax mood, I like the blues/ classic rock To Learn it's usually a class (online or in person) where I take frantic notes (that I never look at) to associate hand, mind, ears.

I’ve bid on a couple of foreclosures and waiting on an answer .

This will encourage him to want to keep place in good clean condition and not talk badly about any potential issues.If he is not going to comply with your wishes then I would wait till he is out before showing house.

@Christopher Veljkovic  Technically I am waiting to move back to Indianapolis to invest in order to house hack my first investment. 

A San Diego homeowner contacted me today asking for help - his house was going into foreclosure and he wanted to see if I could help.  The only problem is, the recording date was 8/31/2017 and the auction date is 4/9/...