Bottom line all private and HML ers are free to change the terms at anytime .. they are not regulated federally like conventional lenders.

Trying to time the market typically leads to .

I am paying both the 1st mortgage and Heloc payments using the rent money, then i am using my own money i recieve add 3 full loan/mortgage payments that go directly to principal and interest on the Heloc freeing up a huge chunk of it back up to buy house number 3.

I don't need cash flow right now, I'd be more than happy just living for free and getting equity in this market. 

How do you plan enough lead time for the utilities?

You cannot be living rent free or you cannot use the rents of the subject property to qualify.  

The physical beauty here is unmatched.I know the idea of living mortgage-free is exciting, but it's just not doable in an area like Colorado Springs (or Denver just to the north).

Feel free to reach out with any specific questions you may have. - Chris Kersey 

I have done things with attorneys, CPAs, stock brokers, insurance brokers and others successful in business.General business knowledge, understanding of financing requirements, knowing property valuations, maturity in personal financial matters to give general advice, understanding of the foreclosure process, legal aspects as to liability in leading someone into financial matters, fully understanding fraud issues and the differences in a general matter where fraud might be applied as generally thought of and what may constitute bank fraud causing or even attempting to cause a loss to an insured bank having different standards.

If you want to discuss in more detail feel free to reach out.