Great income producing property, and will be more cash flow positive if rates go down and I can refinance.

Just be careful lending to someone's primary residence.

If so, is the positive cash flow enough to keep you invested in keeping the property?

Purchase price: $220,000 Cash invested: $7 Single family home positive cash flow What made you interested in investing in this type of deal?

Any other options for building cash flow positive home or should i stick to traditional way and finding long term tenants? 

- What position would the builder defaulting put you in, given you are not interested or able to lend out your own money?

Most HELOCS are for primaries in personal names, but this could still be possible.

The main caveat with that is you may be limited on how much rental income you can use from your departing primary residence (the house you are buying now) when you go to buy the next one, unless it is at least 100 miles away. 

Don't put yourself in a position where you are forced to pass up good deals because a lender or otherwise is not a fit or willing to work with you.

I am also extremely interested in Portfolio loans, but I have zero contacts dealing with those types of loans.Finally, I have an 'excellent' credit score, no debt at all besides 5 other rentals at 75/25 LTV (all cash flow positive) and a job that I claim over 100,000 in taxes, and have three years of consistent tax returns showing that.