On balance I think it's roughly similar.We've lived here over 10 years on a fairly average street without any real issues, and have had a very healthy appreciation in the home value.

Just find the balance between operating a business while letting the Owners and Tenants know you care about their interests.I recommend trying to find a management company or an agency that does PM and get in with them to learn the business while also working sales.

They could issue you a second position mortgage based on the remaining balance of whatever the agreed upon sales price is. 

I currently have a HELOC with an outstanding balance on my primary residence.

The total equity in the property can be calculated as appraised value - loan balance. $910,000 - $624,500 = $285,500As I mentioned, the credit union I worked with offers a 100% LTV home equity loan product, and they paid me approximately $250 to close on the property (a nice perk I wasn’t expecting).

However, if you consistently have hard inquiries on your report and a low credit score, you may be viewed as a risky borrower If you have a good credit score, the effects on your score could be minimal, especially if you've been keeping your balances low.

Hopefully rates will drop, values will hold and you'll punch the balance down quickly.  

Landlord/tenant relationship with a friend can be tricky to navigate but it was a balance of setting expectations while not being the evil landlord.

Hi there,Can anyone recommend a good property manager in South Philadelphia that balances tenant services and saving owners money?

Everyone in the real estate industry makes offers and negotiates contracts for property to have title cleared at closing, so if a deal doesn’t close then the liens are not paid; if a deal does close the title company pays off the liens from the closing proceeds with the balance going to the seller.