Marie is an old city with a high vacancy rate, declining population, poor tenant quality, and will never see any meaningful appreciation.

The rates will be much lower than a HELOC and the leverage is also higher.

They have better rates and we are ok buying in our personal name for a single family.

Here's a comforting fact: Reno's got a handle on occupancy rates, keeping things smooth and steady for investors who like predictable cash flow.

This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)

I rely heavily on the cleaners ratings.

Do I take money out of my homes equities and buy more rental properties that way and just bite the bullet on the cost of a HELOC interest rate.2.

Amazingly, the bank holding the underlying note AGREED to allow the wrap as long as our LLC remained on the note, with NO change in interest rate or terms!.

I'm assuming that with your hard money interest rate will make that a pretty high monthly bill.

Then you could buy now before competition becomes crazy again and refinance when rates come down.