The HELOC portion carries a higher rate, but it's a minority of the leverage, so the blended rate is still quite good.

@Gabriel Moreno, when I read some of the responses, I think people are blending definitions.  

Agreed..Redington Beach, Madeira Beach, Treasure Island, St Pete Beach have a good blend of multi family, short term rental and residential. 

These are simply economic norms and factors of the market at large, but I find them to be good ways for us to understand intuitively WHY interest rates do what they do (ignoring the governmental suppression of the rates, of course).This will roughly track with the rates that lenders use, but it may look more like a blend between commercial lenders and hard money lenders.% of profit is a great concept and I love that it aligns interests, but know going in that it significantly increases your administrative burden compared to a simple % on the loan.

This creates a blend of housing and helps contain some of the costs.  

If you are looking for a nuanced strategy like pure cashflow, pure appreciation, or short-term rental properties then there are better markets, but as a blended or balanced approach to RE investing you're living in an advantageous city.

And the leverage on the others gives you a better blended ROI overall

Purchase price: $170,000 Cash invested: $60,000 Old Town Scottsdale Short-Term RentalThe Eisenhower blends historic mid-century modern design with the incredible Valley art scene to offer a stimulating vacation experience.

Purchase price: $170,000 Cash invested: $60,000 Old Town Scottsdale Short-Term RentalThe Eisenhower blends historic mid-century modern design with the incredible Valley art scene to offer a stimulating vacation experience.

I thought that this A, B, C, blended solution would save on tax expenses and I would owe less tax than if I just simply liquidated the property without a 1031 exchange.