I agree, the HELOC I just got was 7%, but gave me a combined LTV of 95% with my mortgage.I’m ok paying a little more in interest to have access to more capital.

Certain investors use a combination. 

If they got 75 percent cash out on a refinance that’s $225,000.....you can go to certain areas of the Midwest and put $20k down on 10 different properties.Or maybe they cashed out or borrowed on their 401k.Or maybe they did 10 deals in one year but there were wholesaling or doing notes..... or flipping .... or any combination thereof.  

So I can tell you insurance or repairs or commissions for each property or for all properties combined for the last 20 years (or any certain days in the last 20 years) in less than a minute. 

I am down for the Detroit one for sure though and we can combine resources and strategies and put some deals together. 

I was able to get 95% combined LTV with my primary mortgage.I’m in the process of using this HELOC as a down payment on a rental property.

I tried TenantCloud for its accounting capability, but found I liked the Cozy + QuickBooks combination better.

Now that I've moved out, the combined rent of both units covers the mortgage, 10% capex put away, 10% repairs put away, water payment, and leaves just over $100 as legitimate free cash flow. 

-Do some combination of the above but leave 1/2 to 2/3 of the money in cash and wait for the downturn for some cheap real estate.

(It isn't a test ;-) I've just never had anybody explain what winds up in my pocket in that scenario and a Search didn't provide the answer) Thanks for your time.There are a few elements that come into play.