To Sum it up, its a good idea if you can exceed the cost of capital (higher rate than your cost of debt) with what you earn on your heloc/debt you pull out and invest.The question is how much gains above is enough to substantiate the risk of your variable interest rate, well thats up to your personal investing criteria.

These are my personal takeaways:Real estate has been more passive for me.

Also, they ONLY earn the credits if their rent for months 2-4 is paid on time. 

It’s like I have a bunch of clones out earning money for me.

what kind of investment was/is this  a little more detail may protect others if you think this person is a financial predator.  

And here is a PDF explaining it for both Fannie Mae and Freddie Mac: https://www.radian.com/-/media/Files/Enterprise/Training/QRG...Understanding Foreign Income Foreign income is defined as income earned by a borrower who is employed by a foreign corporation or a foreign government and is paid in foreign currency.

I work with a lot of MTR investors and what I am seeing frequently with multifamily acquisitions, particularly with new investors, is that they often test the property just like you're mentioning, as a way to dip their toes in the water and see what works in their area and for their personal style.

It's early, but it looks like we'll earn around a 8-9% ROI.

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

Thing is, you need to understand it's going to a difficult way to earn a living.