Please read through and help.Setting the Table:Property is in San Diego, CaliforniaJust purchased and closed on a nice primary home with a granny flat in the back that is rented.

Most have a tenant rep broker they use and connect you up with them.Cap rate is usually tied to location ( urban,suburban,rural), location and quality of the tenants ( national, regional, mom and pop), and terms of the lease ( primary lease term in years, level of lease guarantee, rental increases, any termination rights, disclosure of sales, restrictive use rights, co-tenant anchor clauses,etc.).You need a void analysis from a landlord rep leasing broker.

But I've hopefully done two thing: first, shown you how you need to run the numbers to make the best decision and second, given you some stuff to think about to consider how to get from where you are to where you want to be.Scenario 2Keep your primary home your primary home and save up to buy a rental property, either with conventional 20% down financing, a partnership, hard money BRRRR, etc.Scenario 3Not recommended. 

I have even shown that to my buyers for their primary residences.

Anh Le I was in seattle but there is little cashflow there since it’s a primary market.

I was just paying my statement balances to avoid interest charges, but when we started shopping for a new primary residence I heard about this strategy and began paying the current balance instead right before they reported and it made a noticeable difference since I my credit report now had near $0 on all my revolving credit.

I have come across articles that say interest rates on home loans can be high as high as 10% to 20% if the house is not intended to be my primary residence.

The primary reason investors have difficulty with PM companies is because they have no idea of how to manage a property themselves.

Would this be the HELOC from your primary residence?

With your VA entitlement you can purchase a 1-4 unit property with 0% down, but you have to live in one of the units as your primary residence.