Obviously, you may want to eventually do a refinance for the whole balance on your first home if you don't want to pay the higher HELOC rate. 

Converted to 3/2 and updated the entire house.

My question is how do the taxes work on a rental that will eventually be out of state for me?

The other couple eventually brought a court case against us for their costs incurred which we fought and won on the principle of the matter.

Downey area, Great Falls Montana, and eventually Dallas/Forth area.

We are looking at larger 3BD/2BA for opportunities to convert extra rooms/finished basements/garages into extra beds/baths.We noticed if the rent is about 0.5% of the total property value, we will be about breakeven for pure cashflow at the following assumptions using BP's Rental Calculator (e.g., $500k property requires ~$2500 rental income to breakeven): 5% CAPEX, 5% vacancy, 5% repairs/maintenance, and 8% property management (we have something worked out with our property manager)Here are our questions:-Would ~$600/room be a competitive rate?

How did you eventually get them out? 

So, I will either have to rent long term forever or eventually refinance. 

-----Views convert to Inquiries (percentage conversion rate?)

Note: I hope to eventually get into real state investment but I am trying to get somewhere to live first.