You'll certainly find more lenders wanting to lend in first position.Regardless, the new loan would need to be large enough to pay down the HELOC while also meeting the lender's guidelines for whatever lien position they were taking.I'm no lender...

Research it for yourself, I for one am tired of idiots passing off their 100 pound pit bull as an ESA when my ads for rentals specifically say NO LARGE DOGS ALLOWED.

After building homes and very large additions in San Francisco and the surrounding Bay Area, I decided to start rehabbing and flipping homes instead.

@Arthur Voskanyan, finding "positive cash flow" in the same location as "jobs, infrastructure, bars/clubs, appreciation like downtown LA or SD", is largely an oxymoron.

My goal is financial independence in 10 years via building my business into a large practice while investing in buy and hold rental properties.I know I basically need to knock out the debt, and save up for my first down payment. 

The house was built in the 1930's about the same timeline as the previous house I just rehabbed and rented (Pushed about 40K of equity depending on the appraisal, and only spent about 13K for the rehab) the ARV on the new triplex is about $230k with about $10-15k, all together worth of rehab work as each tenants leases come up, and I'm talking basic interior paint, some vinyl floors throughout except bathroom, and any nick-nacks throughout the units, not a full scale rehab as I did before. 

I'm currently looking at my first deal which is a very large duplex in the downtown area where I live. 

As @Ted Kuhlmann mentioned, you can get that from mid to large companies with strong training companies and leads to spear on new agents.Let me know if you have any questions and would be happy to help answer them!

Stress testing your expenses in a worst case scenario where you need to replace a large ticket item down the line is a safer way to ensure that the property will always cash flow.Also the only thing catching my eye is the ARV stays at the purchase price even after putting in $5,000 for rehab.

We're completing a renovation of a large rowhouse in the NoMa/H Street areas of NE DC in the next couple of weeks.