This is a Heloc on my primary.  

Our initial plan was to hold it as a MTR (medium term rental) but decided to flip instead in order to fund the purchase of our new primary residence.

Our primary value-add was a full renovation to modernize the property and increase its appeal.

My primary concern with two separate leases is that it would be extremely challenging for you to remove a tenant via eviction for any reason because technically it is one unit.My recommendation is to provide one master leases signed by both groups of occupants.

Other "products" (i.e. student apartments) that are farther away will always have better amenities than I will, however location seems to be the primary factor for the students.

Hey @Alicia Kuluris, thanks for the info on the snow.What about a HELOC on your primary home?

Jayden,Detroit is my primary market, so if you have any questions feel free to reach out to me.

Purchase price: $185,000 Currently my primary residence, 4bed 1bath in Sanford that I purchased with 0% down as a Veteran through the VA Loan.

I also did a cash out refi and HELOC on my primary to snag another 5 rentals.

@Max Servais if this will be your primary residence, you will need to insure this with a Homeowners policy.