@Manesh Hardeo I've talked to a couple folks in more depressed markets like Dayton, O. that can pull it off...it's a questionable strategy at best...guys like Michael Quarrels made this popular, but as a broker, its unscrupulous (in my opinion anyway).

@Esmir O. sounds good, hope it goes well for you.

(now for vacant properties with out-of-state owners, you may want to skip this question and just find out based on the address how much the house is worth because most likely they do not know what they are worth)O - how much do you OWE?

Really depends o.

You can also get a BLOC w/o collateral.

Calculating Effective Rental Income� Any net rental income from the subject property must be added to the borrower’s qualifying gross monthly income by applying 75% of the lesser of;o Fair Market Rent reported by the appraiser; oroThe rent reflected on the existing or proposed lease agreement.History of Rental Income.

. #1)you've avoided interest payments by paying out right, 2) you have a primary residence w/o a payment (other than the heloc of course), 3) your investments will be paying you heloc back for you 4)you can avoid all that bank paperwork you'd be doing to get your investment properties, 5)you avoid the banks interest rates, 6)you still have access to use bank loans for even more properties.

Im going to use some very basic estimates to just give you an idea...these of course vary from market to market.MLS - $1,000Board Dues - $1,000E&O Insurance $1,000Licensing fees - $250Continuing Education - $300Sentrilock/Suprekey - $250Brokerage Fee  - $100.So just to maintain a license you might be into it for $300 a month or more. 

Hey I am looking to use zillow to list 1st property and I zillow will not let me input a phone number nor will it let me list w/o phone #.

Ill hazard a guess that short term renting our primary has netted tens of thousands of dollars in net worth for us, and allowed us to purchase a dream property at 31 (150y/o farmhouse on the lake).We make our largest income house hacking, taking in maybe 2x what our 4 current long term rentals cash flow in any given month.