@Dennis Yang I honestly think rather than trying to open up a chain of HELOCs with variable rates and interest only payments you're better of using the delayed financing refi option to convert your rental into a conventional 30yr fixed rate mortgaged asset which will give you back your original HELOC funds which you can then recycle and use for another cash purchase. 

The modern composite materials IMO are 100% recycled plastic and there's little wood in it.

The modern composite materials IMO are 100% recycled plastic and there's little wood in it.

Call a metal recycle if they remove abandoned vehicles.

Taxes are 900$ a year and garbage and recycling which I believe is tied up into the 900$ annual tax.

How can you keep some of your deals as rentals to create passive income (I personally love BRRRR to recycle capital)? 

Granted you could recycle this money and now do 10 more BRRRRs.

Your property will cash flow better, you'll be slightly less leveraged, and also get your cash sooner so recycle your assets.

Hi, BPersBy going through all the posts in the forum, I got the impression from some experts that it is dangerous to buy small (<100 units) MF deals in tertiary markets late in the RE cycle like now.

With the numbers the way they look I could definitely do the BRRRR strategy on this deal instead of flipping it, recoup all his money with a 75% loan, pay him back and keep the property, rent it out while recycling his money on the next property to do the same thing.