Don't over design.

The article said that HELOCs are floating-rate instruments, so they're less attractive to take on a floating-rate loan at a higher rate than a general low and a fixed rate.My issue is that I don't want to pay $3,000 to do a cash-out refinance and I don't know how long it will take to get a deal (WHATEVER I define a DEAL as ;) ), but maybe I'm missing something here...If you are approved for a HELOC and the value of your home goes down, will you still have access to all of the funds?

The larger and more expensive rentals will "likely" attract people with more means to sue you.#4 - Do most of your tenants have kids? 

The larger and more expensive rentals will "likely" attract people with more means to sue you.#4 - Do most of your tenants have kids?

Just need updating and adjustments to attract high rate STR guests in the 5 rental units.When buying these we were initially approved by 3 mortgage co's for conventional mortgages, just to be later rejected because these are multifamily bldgs with land deeded to each bldg while also being within the grounds of the condo assoc.

Hey Kweli,My best piece of advice is for you to follow a path in real estate that suits your talents/qualities:Wholesaling - Sales & MarketingAgent - Incredible people skills / networkingFix and flipper - Great eye for design, construction, budgeting Buy and Hold - Patient, budgeting, you currently enjoy what you do for a livingETC.Overtime many then venture into different categories (I know I have)  but I would suggest you start with the one that suits you most.

Discovery and due diligence, finding the land, the design and plans of what you want to build , financing , etc?

They give tourists an alternative option to boring hotels, while spending money at restaurants and other area attractions.

The new features that Airbnb is introducing seem geared toward attracting more hosts, so I can only assume demand is increasing much faster than supply.

This also opens up the opportunity to attract tenants with higher levels of income.Ease of ownership Finally, the fact that the property has multiple owners means that there are multiple sets of hands to take care of the day-to-day operations of managing an investment property.