The primary drawback of a HELOC is a variable interest rate, which today could be double a fixed mortgage, as much as 10%.The best choice really comes down to a personal decision for what the plans are for the money, and how long the funds will be needed. 

I would be doing a lot of the books/finding deals so I’m not sure if you take a larger ownership in that case.

I would advise the complaining party that there is/was no evidence of smoking in the adjoining apartment she referenced and you have no choice but to consider the matter closed.

The goal is to establish a relationship that you can leverage for years to come.You should inquire about rates, terms, and requirements when contacting a potential lender.You can use any lender licensed to do business in Indiana, but some banks only lend in certain areas by their own choice.

I know this is not "your" decision, but if your wife shares your interest in real estate, I would encourage her to consider her life choice like a real estate deal. 

It seems like larger apartment buildings are generally better maintained than SFHs and are a bit more turnkey (although this could simply be an error in perception on my part). 

Hello BiggerPockets Family,Whether you are a smaller (or larger) property management company, a self-managing multifamily developer, or a sponsor/syndicator - Property Accounting can oftentimes become a significant cost and consumer of otherwise revenue-generating time.My question is, how do you feel and what do you think about outsourcing your property accounting?

If I do it wont be for long, and if I don't then I made the right choice anyway.

Not a big deal if you plan to pay it back in a short time frame (e.g. use the money for a BRRRR), but I don't think it's a good choice of long-term debt.I'd also be very careful about taking out money to "upgrade" your home.

As investors we look at quite a few metrics, and your choices depend on your lifestyle and your goals.