The down payment you describes is 1 Million and you are providing 30% of it.

Pick something fun and interesting that will attract people to your meetup on a regular basis.* Initially, you will have some meetups where either only a few people show up or none at all.

The article said that HELOCs are floating-rate instruments, so they're less attractive to take on a floating-rate loan at a higher rate than a general low and a fixed rate.My issue is that I don't want to pay $3,000 to do a cash-out refinance and I don't know how long it will take to get a deal (WHATEVER I define a DEAL as ;) ), but maybe I'm missing something here...If you are approved for a HELOC and the value of your home goes down, will you still have access to all of the funds?

The larger and more expensive rentals will "likely" attract people with more means to sue you.#4 - Do most of your tenants have kids? 

The larger and more expensive rentals will "likely" attract people with more means to sue you.#4 - Do most of your tenants have kids?

Just need updating and adjustments to attract high rate STR guests in the 5 rental units.When buying these we were initially approved by 3 mortgage co's for conventional mortgages, just to be later rejected because these are multifamily bldgs with land deeded to each bldg while also being within the grounds of the condo assoc.

A friend of mine just sold a 250 acre farm for 1.6 million last year.

The same buyer bought the 10 acres next door for 1.38 million.

Additionally, he said that it was a plus that an investor can close in 10-15 days, vs waiting for a conventional buyer to close in 45 - 60 days.The house is in San Diego, CA and would sell for about $1.2 million. 

They give tourists an alternative option to boring hotels, while spending money at restaurants and other area attractions.