Typically, the lower this number, the better (underpriced, cheaper etc.).The price-to-earnings ratio is structurally similar to the price-to-sales but replaces the sales variable with earnings.

So many variables. 

That's a very broad question, with a ton of variables.

Don't get a variable HELOC.

The HELOC has a variable rate, so I recommend reviewing several scenarios with a lender to know what feels the most right for you and your lifestyle.

Those bills won't tend to be as variable or run you as much for abused usage like gas/electric might though, especially in the winter time here in western PA.Properties I have that have shared water/sewage/trash I just add a flat $75-$100 fee on top of rent to help offset that and then just leave the bills in my name and pay them since you can't legally charge tenants for utilities if they aren't properly split.

The interest rate is variable so if rates start going down, our interest payments will also decrease.

Also I didn't want to touch any savings, just in case I have to put cash towards rehab and to cover housing cost in SoCal until my raise takes effect to cover the differences in housing cost.Numbers:Estimate Home Value: $315,000-350,000Outstanding Principle: $201,000ishAPR : 3.25% ( was variable at the beginning of loan)Home Build: 2003Projects I'm looking to complete before rental ready.- New HVAC- New windows (current ones are cheap and don't stay open or lock properly)- Replace flooring (downstairs is carpet and vinyl, upstairs is all carpet)‐ Update kitchen (counter tops are formica, replace old appliances, paint cabinets)- Update Master Bath (replace counter top due to cracks, new paint)- Repair front porch due to small fire (damage some floorboards and railing)-Trim or cut very large Gumball tree down- Garage door panels replacement - Small siding repairs- Repair wear and tear on walls and paint the whole interior.

They could be fixed or variable rate with different repayment terms. 

I'm an engineer for a living, and want some passive income on the side.My rental is worth about 135K and I owe 68K on it.I'd like to borrow on its equity for a second rental.I'm looking for a SFH around 125K, 2 car garage/vinyl if possible (much like my current rental).After speaking with a couple lenders, seems for an investment home, I must do 20% dn, so if I borrow about 25K on my current rental equity, that means a 100K conventional mortgage, and 25K on a HELOC.Best Ive found so far is Penfed at 5.5% variable (prime +1).