You can even use a portion of your future rental income to qualify for the loan.

@Logan McKay Zylstra, it is possible to depreciate the portion of the home that is actually being rented as well as the possibility of deducting expenses associated with the house hack (congrats on doing this, btw, everyone has to start somewhere). 

I switched jobs in the 2009 economy fold, and probably messed up as I did not do any RE investing for 7 years, other than investing as a minority partner into a 72 unit college property using our HELOC for $202,500 as our portion of down payment.

Does it make any difference if two of the properties and a portion of the third were purchased by taking a HELOC from my primary residence ?

Does it make any difference if two of the properties and a portion of the third were purchased by taking a HELOC from my primary residence ?

The webinar really put things in perspective for me so I created a daily plan for myself that I like to call the "CAL Plan"ConnectAnalyzeLearnI've downloaded "Long Distance Real Estate Investing" to my phone with audible and am planning to use that as my "learning" portion of my daily plan since I'm living in China at the moment.

This way you are sure you can complete the refinance portion.

Make sure there are heaping portions of emotional distress, harassment and slander.

Clarifying the  "Paying them myself" is important.If you choose RUBBs, the utilities will be in your name and you will collect a portion from your tenants based on either the size of unit or number of bedrooms.

If there is a way for you to work out a way to get a portion of the rent and check In on them moving out and you work together to make it happen than you may be able to save yourself some headache, time and a little money.