Of course the reason it is so low is bc it was my primary residence when I did that.I guess the broader point is that I want to exploit the unrealized capital gain in the asset, not back out the basis on original mortgage.  

I guess I will see what he says on Monday.  

Guess not.

I've been playing around on Mashvisor, using their calculator I can't seem to find a way to bring in monthly profits on a mortgaged rental property. so I guess my question is, what's better?

That would be $3000/year, and I guess that would mean my annual return would be 8.9% at this point (3000/33400 = .089 = 8.9%).While that 8.9% sounds all fine and whatnot, and suggests that using the HELOC in this way is eventually a better return than paying the entire 50,000 in cash, I'm really struggling to grasp whether this is a correct way of thinking about things.After all, if I were to pay 50,000 in cash now, I would start getting the 6% return right away.

I'm taking a wild guess but I'm guessing @Paul Sandhu   can buy stuff for or has $5k up to $50k without having been to Coffeyville in forever.  

This is where I would usually say something along the lines of what @Stuart Grazier said but I guess I have to just thank him very much for the plug! 

@Iyan Tan I would actually guess the $80K is his net. $7,000/mo is $84,000 in annual rent.

ok so seems like this has turned into 'she's trying to raise the rent bc she's not invited to the parties' so I guess I will take a few minutes and make this clear: I don't have time to go to a party every Sunday or even one Sunday per month. 

@Derek DiamondThank you Dereck,I have a good realtor/pmngt/and also investor on my side always teaching and helping me along the way.I guess what i was trying to ask was for any good advice on how to start on the multifamily route?