Hi everyone,Today I was exploring how to pull some cash out of the equity on my current residential property and came across two popular options: a home equity line of credit (HELOC) and a home equity loan (HEL).

Plaza/Waldo areas can support up to 1500, after that it's pushing it... still can be done but longer vacancy and MUCH smaller tenant pool.Flip side of that is the suburbs, if you can find the popular schools and get the right place you have long term tenants.

@Martin Curtis A software called Cozy is pretty popular for tenant screening.

@Jason Graves I close in all 50 states, we are a rare breed of a federally charted mortgage company, usually only retail banks are, the rest are state licensed.

The apartment is located close to the popular neighborhood Ruzafa in Valencia (Spain), a hip area with a lot of bars, restaurants, and charming artisan shops.

What you are suggesting is a very popular strategy that many investors are using these days.

Even if its not popular, there is always a way.    

As @Mike Dymski mentioned there are several online banks that are popular due to higher yields.

Are you receiving a W-2 with federal withholding being taken out?

It actually looks like it's going to happen: "The federal eviction moratorium in place since September is set to expire Saturday, after the Biden administration refused to extend it and Democrats in Congress couldn't muster the votes to intervene."