I've never understood how you can do well with mid term rentals.

I heard of developers doing this with farm land around cities.

Wish I had the brains to do that at 22!  

Don't depend on others to do it for you. 

If you do a cash out refinance on the primary, you won't have a HELOC left to buy any more properties.

Do it once and you are done forever. 

If you can find the deals, you can do the 2 for 1 thing too.

@Sanjeev AdvaniIn our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Thanks for the tip and work with a lender to see what I need to do to assume the loan.

They would have contacts in the area that could help do an inspection.