Remember that rates right now are not great and the heloc is adjustable, so you rate will fluctuate and most likely go up and not down for some time.

I realize costs fluctuate by market.  

You're better off examining the market at a neighborhood level for value and rents as they can fluctuate by the block.

This is kind of my introduction on BP as well so hello there ☺ Hi Ray,If it were my (opportunity), and if I wanted to own it, I MIGHT say to Father, and Aunt, "Sell it to me" and I will pay you X per quarter (based on X amount of business) and X+Y based on X+Y amount of business, and X-Z based on X-Z amount of business until it is paid off 100%.Then work hard to pay it off according to schedule in order to own it 100% (realizing there may be fluctuations in the payments due to business fluctuations).I would also talk to a Tax CPA about what kind of tax savings this might be for Father and Aunt, and be able to tell them that part also.I'd also have a deal with them that if they were to become demised before the bill is paid to them in 100%, their portion of the bill is canceled (talk to a Tax CPA about this too re your tax situation).If you buy something like a 7-11 you will be a corporate clone slave who has to do whatever the parent company says.

So I prove you wrong every day, whether I buy or not becauseits the market, cashflow markets don't fluctuate as much as appreciation markets.

AIRDNA fluctuates so much.

One of the keys is to make sure you can manage through any volatility (vacancies or market fluctuation) and have multiple exit strategies (refi, sell, reposition, etc.)

If I had 30 year notes, I would have more cashflow but my portfolio would also not be able to weather market fluctuations as well.

Since these often change, your escrow account will fluctuate as property taxes rise or fall and insurance increases or decreases.

We did not suffer the kind of home price fluctuations in Oklahoma like Florida, California, and Nevada so to my knowledge this kind of activity is not as common.