I was merely informing you as to how my industry works.

Thanks, Jim No problem, just sharing some information.

Will these be motivated leads or simply contact information of sellers who are "considering" on selling? 

I'm not necessarily against using HELOC, it's just that I don't know a ton of information about going that route.

Detail, detail, detail is the name of the game if you ask me, and the more you do upfront the easier it is down the line when you need the information. 

They are very informative, and contain ample information on investing in real estate.

Where would you find this information?

welcome @Gabby Rich, when i first came into REI i just read all i could online and at my library.However when i found BP it was a Godsend, there is so much information in the site.

However, since both units are rented this would be classified as an investment property in which case your rate will probably be 4.00% to 4.250% on a 30yr fixed depending on FICO credit score.The maximum loan to value for a cash-out transaction (investment property, duplex) is 70%.Based on the information you've provided it doesn't appear the value is high enough for the property to be eligible for a cash-out transaction but you can still remove PMI.If you want to send me a PM I can run a complete analysis to see if removing the PMI will offset the slightly higher interest rate.I'm also licensed in CA so if you're looking to purchase a property I can help with that transaction as well.

Make sure to check out the Bigger Pockets Blog: https://www.biggerpockets.com/renewsblog/It is full of great information.