I live in the West Palm Beach DMA here in South Florida.

I was in your shoes a few years ago when I bought my duplex in south Florida with the VA loan. 

Hey Cooper,Kingsway West and Academy can be dangerous areas... the Delmar divide is a general rule of thumb, north of Delmar is rundown while south of the street is a lot nicer.

I've lived in the South for the last 35 years and watched it happen. 

South is still good but you need to be careful as many of those areas are already on a downturn.

When: 4th Tuesday of each monthTime: Networking starts at 5:30Main Meeting Starts at 6:00pmHAMPTON INN & SUITES2220 South Main StreetMansfield, OH 44902

I like South of Albany in Thomas County.

Was considering doing a HELOC or cash out refi to move on to my next property.Any credit unions or lenders with good rate that anyone can suggest in south florida?

If you are near the far south side I night be able to recommend someone. 

This sounds like a thoughtful plan, but there are a few things to keep in mind.First, while you won’t be on the mortgage, you'll still be co-owner, meaning if things go south (like he defaults), the bank could come after the property, which affects your investment.