Bring on a KP with a healthy balance sheet. 

Burnt out lightbulb, toilet flapper not seating, worn agitator dogs, bad ballast in fluorescent lights, faulty circuit breaker, leaking wax ring in commode, loose p-trap cap connecters under sink, modem has reset to factory default, thermocouple needs replaced on hot water tank, filters need replaced for central heat/air, ceiling fan needs balanced, lint trap on dryer is torn, source input needs reprogrammed on HDTV remove, headboards too close to wall and making impact damage. 

The loan terms vary, but 1.5% of the outstanding balance each month is very typical for minimum HELOC payments. 

However, when calculating the lendable equity, she used the formula:Estimated Home Value - 370,000Current mortgage balance - 276,000370,000 x .8 = 296,000296,000 - 276,000 = 20,000She said my lendable equity is 20,000.

Finding the right balance between protecting the public interest and maintaining personal rights can prove difficult, and Short Term Rentals are one area where there is a lot of tension between the two.

So (and it's a HUGE assumption) that the listed units are representative of the property, you need to increase gross rents by 38% to get to your projections:$10,150 $3,857 (38% of current rents)-----------$14,007Now maybe there two units are small but larger units won't have to rent for a lot more to balance it out.

But then we also get the first year of double declining balance depreciation (straight line % multiplied by two) equal to $19k ($47.5k / 5 years x 2).Total write off for buying a Tesla Model X = $91.5k.

If you lack experience, another route is to partner with someone that has experience and balance sheet.  

Best balance if you really want to participate is to have  a JV agreement created and let the JV entity as a whole take ownership.

Most markets in the US have transitioned from extreme sellers markets to more balanced ones.