You basically arbitraging the money. 3.25% on 80ltv is a typical Heloc on your primary residence.

I only have that at my personal residence.  

You may need to buy your primary residence first then buy another multi.

I will close on it March 10th. but it isn't one that i am going to rent out to people it is my primary residence.

If I had to guess on STR, it's either a typo for SFR (single family residence [personally I prefer SFH, but I know Brandon Turner sometimes uses SFR]), or it means On Street Parking (https://www.biggerpockets.com/rei/real-estate-abbreviations/), which doesn't really make sense in context.

The thing is, it would be nice to have access to the money for whatever I want (I'm looking at buying a primary residence soon). 

The house itself is an old historic victorian in the Irvington Neighborhood of Indianapolis, it was a primary residence for a few years before relocating.

Now I have a question of my own.Im looking to buy my 3rd investment property (Buy/Hold).I have my primary residence in San Diego that I have about $250k of equity.I also own house in Austin that I have owned for about 8 months and one in Las Vegas that Ive had for 2+ years both are currently rented, using a property manager.

Louis (that was previously our primary residence), and we are now looking to invest (strategically this time!!!)

Tyler, do you rent out your current residence using Airbnb?