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.

My plan is to take the $800,000 equity I now have in my two unit building, wait until rates drop in the future and borrow against it to purchase a few other properties.

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.

Take care of anything that needs to be done to your condo while you're advertising the vacancy and showing the unit to prospective tenants.If you get a good, tidy tenant -- which you can verify if you have an opportunity to visit after the tenant has moved in -- you may be able to advertise the unit near the end of the tenant's term and get the tenant to show the unit.

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'd rather go with a conventional loan to get a lower rate and fee.