HODL.Here are my pros and cons for each:### $100K-200K ### <-- More Active InvestmentPros- Higher Price to Rent Ratio- Fast turnaround to purchasing next property (6 month before ReFi)- Value Add repairs can improve house value a lot- 3-4+ purchases in 5 years = More Learning Opportunities/NetworkingCons- Higher Risk of Bad Tenant- Maintenance Repairs- Lemon Purchases### $300K+ ### <-- More Passive InvestmentPros- More equity to draw from down the road- Good Neighborhood- Family Tenants are saferCons- Higher Operational expenses (Taxes, Insurance)- HOA Limitations- Typically recent builds/renovations so not much room for Rehab- 1-2 purchases in 5 years = Fewer Learning OpportunitiesI know that there is no one solution.

Since we are getting 2x market rent, my cash flow is many multiples of what I would get using a typical LTR tenant. 

For example, in my market in Northeast Georgia, it can be difficult to get consistent cleaners for the most rural units.For another market, we can only rent a minimum of 30-night stays per zoning regulations.Parts of Florida are struggling to get STR insurance policies.What challenges are you facing, and what have you done to overcome them?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

. :)I agree. you make really great points.I would not always totally rely on audited financials, as for example on my debt fund with non performing loans any income we receive when a loan is non performing cannot be counted as income per GAAP. 

It can happen sometimes but its typically going to be harder to get than a fresh hard money on a buy/rehab and you'll likely have to pay up fees/high rate

Here’s how it works and the tax implications:Financing Options:HELOC: A line of credit that lets you borrow against the equity in Property A as needed.Cash-Out Refinance: Refinancing Property A for a higher amount than the current mortgage and taking the difference in cash.Home Equity Loan: A lump-sum loan that borrows against the equity in Property A, typically with a fixed interest rate.Tax Deductions:Interest Deductibility: The interest you pay on the loan (whether it's a HELOC, cash-out refinance, or home equity loan) used to purchase or improve Property B can be tax-deductible.

Mahoro, for example, you might look in the Broken Bow area.

Heloc rates right now are typically higher than a 30 year mortgage.

I'm curious to know if this is typical. $1000 termination clause?