My lender packaged and sold my mortgage, and when I called the new servicer to inquire about a HELOC/ Home Equity Loan they told me I wasn't eligible because of my short ownership duration.I am planning to pay for most of the improvements with cash I have on hand from my W2 job, but I want to get something set up in case of an emergency repair/ use towards other investment opportunities.

It’s easy.Extra thoughts:I did not include the cost to sell in this scenario because in this scenario we are imagining holding the property for longer than 5 years.Extra benefit towards house hacking:Down Payment assistance – If you make less than 150k you can qualify for down payment assistance.

I should have rejected the first immediately as it was not hands off, but a flipper and was requested by someone considering adding an ADU to their property in the same vicinity. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

On the other hand, if your focus is on appreciation, Columbus is the place to be.

We have homes with unique game rooms (for instance Batman or Star Wars themed, or graffiti-inspired hand-painted murals) that easily rent for 20% more than homes without the game rooms.

Let me know if you have any particular questions regarding the Milwaukee market and buy and hold.

Read as many RE books as you can get your hands on.

.- Improve in property management.Then you can think on expanding your portfolio.A good investor would need to have the hands on the ground to make sure that they understand what is going on.

But definitely need that first hand experience of being a landlord, helping fix things or just being familiar with how it goes!