Quote from @Scott Trench: Does the math change on using a HELOC if you use the HELOC for a short term period, until completing a cash out refinance on one of the LTR's that I own?

They could be a reservist but on active duty orders which is just AD for a time but can be extended.

Make sure if you go into a contract (no option period), you require a substantial earnest money.

@Noah Schulz what does the lease state about payment and what period the payments cover?

I am under contract on a lake front house but still in the due diligence period - I just learned that it's designated flood zone A.

My timeline for turning over vacancies is strictly four weeks, which is the maximum acceptable period between a tenant moving out and the arrival of a suitable new tenant.

Thus allowing you to set automatic late fees in case the tenants doesn't pay before the end of grace period. 

If you do go under contract, make sure you have ample DD period and that there are contingencies included so you can get your earnest money back. 

.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!

Also, there have been several hosts that have come over from airbnb during that period.