Looked at most markets that are trending and some not so trending markets...I guess my biggest fear is how does the heloc or cash out refinance work?

Most lenders will not look at "potential" STR income on our home, as we are not currently generating any revenue with it.

Hello BP,I'm a long time MFH and SF GC in the Houston area, and now I manage to secure a piece of land in the DT area to develop my first multifamily project, the biggest challenge I'm facing is raising the equity capital ($4M).

Today's pricing (meaning low cap rates) is predicated on revenue growth.

The last and potentially biggest perk of the HELOC is that they can not call back my HELOC if the market tanks.

Or a market near hospitals to capture traveling nurses.Or another purchase alternative is another Single Family Home or even Townhouse near a college and you can do a rent by room, depending on local tenants laws.I am personally investing in Garden City for a STR.Those are just my ideas…  My biggest concern is getting approved for another loan on a STR or LTR with just the HELOC for the down payment?

All the PMs I spoke to want 25-30% of revenue.

Biggest issue I would say is termites so you definitely want to make sure you take preventative measures.

The biggest question is the one you mentioned.. the motive to sell obviously.

The biggest pro is that you will be able to get into an investment property with very little capital.