If you’ll start regularly adding, then I’d look for something more tax efficient.

My business is regular residential sales and investment properties.   

I am one of the few who doe's, what I reference here is from 1st hand experience, not theory or what was read or heard, this is something I have personally been involved with and am actively involved with regularly at this time, we call it a "Tuesday" in my brokerage, lol.

It is a developing community and seniors are retiring/selling there homes on a regular basis (Fredericksburg area as a whole).

We take a deposit for last 45 days of water and monitor the bills.

I am curious what people’s thoughts are to a HELOC as opposed to the lump sum of a regular loan?

I'm just a regular 9-5 Job person & want to stick to the intial price as I live my life with budget & still want to invest in Real Estate.Any experience or opinion like such would be greatly appreciated.

So here are pros and cons of managing yourself.Pros:  you keep all profits (except 3% to credit card company), get to know guests, create a rapport with regular guests, make it personalized and memorable for your guests (my housekeeping staff was great and would leave flowers for anniversaries and balloons for bdays)Cons: Phone calls late at night sometimes, dealing with guests who are nasty and ignore your rules (ie no pets/no smoking, but it's nice having damage waiver in place), trial and error finding right housekeeping/maintenance/HVAC/plumbing people.Going with a property management company pros and cons:Pros:  they deal with all the issues and reservations callsCons: they may not be as attentive to your property as you would be and don't follow through with rules of no pets/no smoking.

Depends if you’re doing construction to perm or just construction or if the builder is financing up front and you’re able to get regular financing. 3 different scenarios.

I'm hoping to get some guidance on how to go down this route as this is not going to be a regular type of tenant.