HELOCs are typically offered with variable interest rates, which means the interest rate can fluctuate over time based on market conditions.

@Adam Jason When using the BRRR method, there are many variables that can impact your ability to refinance and move on to the next property.

The loans your getting now are going to be anywhere from 7.5% - 8.5% with a lot of variables for prepayment penalties, LTVs, buy-down points, etc.

I am w-2, no bonus commission or variable income.

All of these factors play into your qualifying income.For example, if you just receive a base salary, then you don't even need a 2 year history, that can be used right away.However, depending on the type of loan, any variable income, overtime, commission, and/or bonus have different requirements and seasoning in order to be used as qualifying income.I'd be happy to discuss your specific situation if you want to reach out.

@James KimIf your hvac system doesn’t have a variable speed drive and slow down at increased static pressure then yes a bypass damper should be installed otherwise you are stressing your system as it will be trying to send the amount of air for the system through one zone which will hurt your system and make it sound like a plane is taking off as well.

The difficult part of this would be the SEC approval like others have mentioned (if you're going to be syndicating with non-accredited investors) but also you're going to have to find the investors who are willing to take variable returns.

Some of these groupings were more so to reduce length than for accuracy, so please correct me where necessary.PittsburghBluff/Terrace Village/Upper Hill/OaklandAllegheny/Manchester/Central NorthsideSwissvale/Braddock Hills/RankinSummer Hill/Reserve Township/Millvale/Spring GardenIndianapolisFountain Square/Bates HendrickArsenal Heights/Woodruff Place/Willard ParkAtlantaAdams Park/Cascade Heights/AudobanBeecher Hills/Mays/West Manor/Green Forest Acres/Green Acres Valley/East Ardley Road/Mangum ManorDetroitRosedale/GrandmontGreen Acres/Sherwood Forest/Palmer Woods/Unversity District/BagleyNorth End/HamtramckSince this is my first time, I was hoping to…Understand whether these are good markets for my criteria (or if there are others I should be considering).Hear about people’s experiences in and the state of these markets.Learn about any variables that I may have not considered, either in these specific markets or as a first time buyer.

Any property purchased at the beginning of that 3 year window would have had their cash flow projections increase nearly $500/month (assuming mortgage is fixed and knowing property tax is basically fixed, so variables are maintenance/cap ex, vacancy, and insurance).So why is the initial cash flow so poor?  

There are no comps because there are too many variables that could make 2 exact properties on the same street have very different numbers in gross revenue and average daily rate, a lot of it has to do with aesthetics, furniture, how the property finishes and/or if dynamic pricing is in place, listing optimization, professional photos, etc...you can google all the small expenses such as cable, internet, taxes, etc. but if this helps, here's a 4:3 in Atlanta who's expenses don't fluctuate so much compared to our other properties:FIXED EXPENSESPrincipal & Interest$1,311.98Taxes$67.34Home Insurance$126.03Mortgage Insurance (PMI)$165.46City Property Tax$208.63Cable & Internet (AT&T)$134.27Security (ADT)$59.00TOTAL FIXED EXPENSES$2,072.71VARIABLE EXPENSESGeorgia Power$62.33Water (City of ATL)$107.02Gas (Scana)$126.25