Exit strategies are typically, refinance into a long term loan and hold or sell it for profit.Cheers!

DM me your email and I can connect you with the organizer.The group discusses buy & hold real estate, both single family and apartments. 

I wouldn't recommend a standard buy and hold rental because you'll have to pay both your HELOC and mortgage on the house. 

The majority of investments is a game of "race to the bottom" and "who holds the cheaper debt" card. 

If you would like to hold the property for longer, that is fine as well, just note that your loan payment will be done after 20 years.

A and B tenants, usually need more hand holding and expect more because they assume that they are entitled to it because they are paying so in rent. 

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

I sold my last foreclosed property in Baltimore about two months ago, and I now hold zero notes through Safeguard Capital. 

I might have got it from decades ago of listening to Nanci Griffith and other folk troubadours.)In case you wanted just a touch more detail on why pre-approval is not so bueno on VRBO (but for me, is fine on AirBnb), here's my old post on it:https://www.biggerpockets.com/forums/530/topics/1223156-less...That 72-hour hold bites.

Jeffrey:I'm connected to a large group in Indy that focuses on buy & hold SF and apartment (commercial) residential real estate.