They also said they offer fully amortized long term loans!

But it’s CAN be a great way to PRESERVE wealth long-term.

Once you had enough set aside for you next venture, you can use that money.Talk to your bank about what your options are-both in terms of could you borrow more money without paying down the current loan and what the interest rates would be.Everyone has different goals, so you need to decide what works best for you. 

@Joseph Lombard The HELOC is best described as personal short term financing.

I am a property manager and short term rental investor in Savannah, GA.

I'm not in the short term rental business but if they are independent contractors then you don't owe them anything.

A heloc is an open end mortgage or in simple terms its a high risk credit line similar to a credit card that sits in 2nd lien position adding another trade line to your credit and reducing DTI.Just like a credit card if you ever miss a payment on any debts on credit or if your scores drop unexpectedly they bank can close or reduce your line of credit.

It is also more problematic to enforce the lease terms as to the tenant when the sub-tenant is the one in violation.

Hi All, Looking for a little advice here in terms of next steps and strategy.

-chapter 7 would help me a lot in the short term.