Leveraging the property with a long term mortgage allows the investorTake maximum cash out using stable fundsAllows the investor to take advantage of the lowest interest rates we've seen in generations (probably redundant to the first one, but the leg up investors have when using loan products that are both stable and have historically low interest rates can't be stressed enough)HELOC's on investor properties are much more difficult to get than a cash out refinanceThere are myriad loan products to use for long term wealth; conventional, DSCR and even interest onlyMany people recommend using a HELOC for their first investment property because most investors (yes, a sweeping generality) own their primary residence and it's fairly easy to leverage that property with a HELOC. 

If there are no restrictions in the condo documents, you'd be wise to do some further due diligence and make sure there haven't been any recent amendments that prohibit STRs, but at least that first sweep of the condo docs will show you if they've already been prohibited.Ditto if a single-family home is in any kind of subdivision. 

Yes that's why I am thinking its sweeping across the country.. as a new home builder  Granted small time.. 

After reading @davevanhorns email mentioned paying down mortgages with sweep accounts.

@Wendell De Guzman back in August we had a tv guru sweep through Chicago.

We'll be using this same form to inspect your unit when you leave.Specifically, here's a list of items you should thoroughly clean before vacating:[ ] Floors[ ] sweep/mop laminate floors[ ] vacuum carpets and rugs (shampoo if necessary)[ ] mop kitchen and bathroom floors[ ] Walls, baseboards, ceilings, and built-in shelves[ ] Kitchen cabinets, countertops and sink, stove and oven--inside and out [ ] Refrigerator--clean inside and out, empty it of food[ ] Bathtubs, showers, toilets, and plumbing fixtures[ ] Doors, windows, and window coverings[ ] Other _________________________________________________________We expect to be able to run a cloth over drawers, shelves, counters, window sills, window wells, and blinds without the rag being marked with dust or dirt.

https://www.bizjournals.com/cincinnati/news/2022/10/01/new-ohio-law-provides-sweeping-tax-relief.htmlQuote from @Emery Regis: Hi all, rookie out-of-state investor here.

It's tied to a zero balance sweep checking account, so all regular deposits and idle funds sit on our balance saving interest until they get swept back out for bills.

When a tenant in storage moves out you almost don't even have to sweep the space but, hey, maybe you'll sweep it clean and presto!

In my opinion, the smartest investors sweep their accounts and limit their risk exposure by putting their money into multiple buckets (outside of reserves - which are crucial).