In addition, you will find that the 1% rule was created to be used primarily as a cash-flow consideration, and as an average and doesn't really consider the other variables to cash flow like property taxes, insurance, CAPEX and vacancy as well as appreciation because that is speculative.

It saves an incredible amount of years off your mortgage, however it is variable interest so that seems risky.

Lots of variables.

I'd avoid an arm just because of how volatile the market it and you're already signing up for 1 variable interest rate via the heloc, personally i think it's a lot of risk to carry 2 loans with variable rates securing the same property. 

I know we always try to treat everyone the same, but some days just my mood can make me make my decisions slightly faster or slower, or might change how I word a text message.I would be very cautious about paying any utilities that have variable usage rates controlled by tenants. 

There are so many variables and a lot of sub-par management companies so it's difficult to give an average ROI.

You really need to do a great job on projecting variable expenses, asset condition, and long term maintenance and CapEx at that price range. 

The best feature is that the rate remains fixed for the term of the draw - most all of the other HELOC's I've seen have a variable or initial fixed, then variable.This HELOC is offered in the following states: AK, AL, AR, AZ, CA, CT, DC, FL, GA, IA, ID, IL, IN, KS, LA, MA, ME, MI, MO, MS, MT, NC, ND, NE, NE, NJ, NM, NV, OH, OK, OR, PA, RI, SD, VA, VT, WA, WI, WYThe rates are high, however if you are using this for a fix/flip or BRRRR, it's potentially a good product to jump into real estate and then refinance out of it later.

There are a lot of variables here.

There're many variables involved, but it mostly comes down to what are your goals for the investment and what level of risk are you willing to endure.