They are also looking at buying up to 4 properties in 2018 for up to 10 million each.I tend to agree about apartment buildings in that tenants often work minimum wage or lower tier type jobs and are exhausted on the weekends and want to relax with friends and family.

I like the lower tax rate in Montgomery County just north of Houston - Especially The Woodlands, TX - Buy under $200,000 for long term hold

The cash out refi would give you a fixed rate for a longer term, but the HELOC would have lower upfront costs (usually none to a few hundred bucks). 

Next Steps might be:1) Lower rent below my min criteria for cashflow.

All are higher risk and lower cash flow than investing in a multi unit.

The house also had a guest house in the back that would work as a rental to lower our monthly mortgage payments.

Hi all.  I went through a couple of threads regarding the topic.  But I think each case is unique so I'm presenting mine here to get better help.This is for a SFH I just bought a couple of weeks ago for $570k.  House ...

To limit the exposure a lower ITV was necessary.

Why not just refinance to a 30 year and drop the payment lower.

For initial 'go/no go' calculations I plug in about $1200-1400 for lower end homes (40-60K), and 1800-2400 for mid (around 100K).