As long as your parents are selling an investment property and buying an investment property (not a place for them to live.)

What really took so long? 

So long term, in my opinion, I always take higher quality location SFH over multifamily house hacking but if the latter is the most and easiest access point into REI then definitely roll the dice.

Long term Ive been looking close at Mesa.

Long story short, the nurse was supposed to extend another 3 months but there was a fight in the street with the neighbors across the street and the section 8 tenant got involved.

Everyone has been burned a time or two if you have been doing this long enough. 

I just don't see this as a good long term rental unless I am missing something.

If the money will be tied into a project long term, a higher rate on your heloc can really impact your overall payment on the property (fixed debt plus heloc).

I have 2 rental properties.The First is in Crestview FL with a long-term military tenant.Cashflows ~ $800 monthly.Mortgage is $180k.

Factor in costs such as:Property taxesInsuranceMaintenance and repairsProperty management feesVacancy periodsLong-Term Strategy:With plans to acquire multiple properties, develop a clear long-term strategy.