It is expensive but money is not cheap at all nowadays and as others mentioned even getting a LOC against a rental property is a huge score as not many lenders are lending on that product.Question I have is what are you using the $ for and can you earn it back? 

Gutters, facia and soffit13.

Quote from @Daniel Barnett: Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

My conclusion then was this: if an investment pencils as cash flow breakeven or a small positive cash flow, using conservative underwriting assumptions, it would be worthwhile to buy despite the high interest rates.Real estate investing has three main sources of wealth building: cash flow, appreciation, and tax benefits.

By the way, the park is in Silsbee, TX and the house will be moved to another property in Silsbee.   

Purchase price: $350,000 Cash invested: $12,000 Sale price: $395,000 I bought it as a primary house waited a year and rent it out.

660 and above should qualify you for DSCR. 

I have a nice hi-rise condo unit and I get tons of companies asking if I do MTRs for Visiting Nurses, Tech Professionals, etc.My place is positioned near a number of large DC Metro Hospitals, but since covid work-from-home and recent lift of Eviction Moritorium, I have had few people with jobs, but a ton of people recently evicted looking to rent my place.The one viable group - visiting nurses has been excluded because my HOA will not allow short or mid-term rentals (anything less than one year is a No-No).They claim too many transient tenants cause excessive wear and tear on the property and too many people using resources like the gym, or pool or common areas.I think that's a lot of horse waste!

And, you need to keep doing it. 

@Priscilla ChinI invest in the Indianapolis metro area but I used to live there so I didn't just pick a random city.