It's shown that over 85% of investors who take out a Heloc refinance to consolidate the heloc into their mortgage in 3-5 years.As a Banker I tell people every day "Do not" let a low first rate stop you from buying more properties to build more doors, which builds more passive income. 

Being self-employed can make securing commercial loans more complex as lenders typically prefer borrowers with stable income and strong credit history.

I haven't seen this lately but be careful and read the terms - there are often terms in the mortgage that preclude using the second home as an income property or limit the number of days you can be paid rent on it.

All the benefits of living near CA but no state income tax.

Should I agree to this so I can make some additional income, or is this opening a can of worms that I don't want to open? 

Every investor’s goals, resources, and strategy are different, and there is no one-size-fits all solution to market finding.You’ll walk out understanding:How to balance your goals for cash flow and appreciationWhy home prices don’t paint the whole picture for affordabilityHow metrics like the rent-to-income and rent-to-price ratios are similar (and how they aren’t!)

I have W-2 income and three investment properties.  

Because I have reduced my expenses to less than 500 a month, and enjoy a more frugal lifestyle as it is, I am content pooling all available income to real estate, in order to accelerate this process. 

Furnished Finder Expected Rental Income: $750-$850/mo PER ROOMWhat I Learned: - Serious investors will write on a deal that fits their buy-box- Knowing your buy-box will create an easy decision making matrix for you to move quickly on deal that work- Have your "ducks in a row" so when you find a deal that works, you can perform - Be someone who performs in contract - barring glaring issues with properties - if you write on a deal AND close, you are more likely to be presented with future deals FIRST because you take action - Be someone who other people and other agents ENJOY working with.

Buy Box: - Within 15 minutes to a major hospital - Within 10 minutes to a Starbucks (LOL)- At least two bedrooms- Light Rehab Only (paint/floors/decor)- Furnished Finder Expected Rental Income needs to be 25% over PITI How did you find this deal and how did you negotiate it?