hey criss pike, I did that quite a bit for the first year or two. my experience was the short term benefits caused headaches sooner than I had hoped. there was an upside for me because I self manage and am a hands on guy.

way to get it donethat's what it is all about getting out there and making the deal happenor you could wait till the sun doesn't riseuse your credit wisely and in the end youll be sitting alrightstart looking for refi people now while your fixing the place upyoull be able to refi sooner than you thinkGood Job!!

I think BP fosters unrealistic expectations in the same way that gyms foster unrealistic expectations.

Hope this can help someone else to know you cut ties sooner and not wait so long.

(I'd assume a note buyer would want his money back sooner than later?

If anything, rising mortgage rates are an even greater incentive to buy sooner rather than later.

@Tammy Mitchell I to be honest have not read anything on the investing side as I am extremely busy I have spent most of my learning side listening to the podcasts to get info while driving to work or at the gym as I am looking at the full scope of the industry at the moment but had not looked into the syndication and private lending but it is something to research.  

But what you need to keep in mind is that rents are going to gradually increase so you would get there sooner rather than later.My advice is to put your search on hold until July.

Exit strategy is to hold long term, but was hoping to refi at some point sooner rather than later to get my money out of it.

The benefits are this:Every penny you pay towards the HELOC balance reduces the monthly payment for the following month (reducing your monthly cost - Keep in mind if you pay extra towards a regular mortgage it will pay off sooner, but will NOT reduce your monthly payment).The money you pay against the HELOC is still accessible at any time.