The part I'm not sure about is, after 5 years they want me to pay the remaining balance on the loan through a different lender.

I like being able to quickly go into my online banking and access my “3-Plex” and see that I have $18,127.94 as a balance and when the electronic deposits were made and what day the mowing service check cleared and then flipping over to the mortgage account and transferring the payment due 10 days early and seeing it clear the next day.

Setting the rent, in this case, would be a bit of a challenge, as a fair rent would find some sort of balance between the risk of a loss if the STR experiences low occupancy and the reward of making more profit should the occupancy be high.  

If you can clean up some old balances that are hanging out there bringing you down, those would be the first I would go after.

Some advantages of the 1PH from my very basic initial understanding: - interest is paid on average daily balance (ADB) of the LOC, versus amortized interest.

If I did everything under the business they wouldn't do debt to income.Also when I use HELOC for a down payment I would just put in an application for a new mortgage on the remaining balance of the investment property.

My advice is to find an investor-focused insurance broker that can shop the market and find the balance between cash flow and asset protection. 

If they do give you a credit card use it for one small purchase a month and then pay it off every billing cycle - do not carry a balance.

It doesn't have to be the same year to offset.I would expect box 10 to have some balance but there are other factors involved to make that determination.

If the loan balance at the end of year one is $10 million, for example, the fee would be$25,000.