Here is a high level breakdown of two of the risks that you are carrying1) Liquidity - you are only as liquid as the reserves that you are carrying (which includes whatever is left in your heloc) so make sure that you have enough to cover unforeseen scenarios, personal and business2) Business Risk - as an owner of real estate some of the main risks that you carry are vacancies or non-paying tenants, lower than expected rents (negative cashflow), unforeseen expenses (repairs and maintenance)I would argue that both of these are higher when you are operating at a smaller scale e.g. if you had a fire at your triplex then 60% of your portfolio would be non-performing.

I only ask because I have never heard it referred to as such and would equate financing a boat (I’m a boat guy, but never financed one) like financing a car, not necessarily a house.

As purchaser consider it a big negative instead of value add on a single and demand seller pay off lease or issue credit.

And yes for you "negative-nancies" out there, we do have to split the cash flow and equity (and debt)!

I only buy RE within a 2-3 hours drive of where I live because that what I can manage and also can find great deals. 

The buyer or renter will use that as a negativity too, most of the time. 

I only know about lubbock because an investor here where I live has property down there so I went and checked it out and really liked the town.

Its going to be a tough road to get that legislation passed, and will affect some people for the positive and some for the negative. 

I only have one unit at this time but I am looking to grow in the future.

Apparently it’s still on the same parcel as the other front building, although I only bought the rear building.