By doing so, you can choose the quality of product you want and the tenant doesn't have to come out of pocket for supplies or provide you with receipts. 

Some community banks or credit unions will go up to 95% loan to value on HELOC products. 

When you're competing with many other first time home owners and a shortage of product, it's extremely difficult to enter in.

This is why even though our wholesale operation do 7 figures, I stack up as many rentals as I can because that’s the only thing that will last when I decide to slow down.

If things are slow the market is telling you the price is too high for the conditions of the home. 

The refinance will hurt my existing cashflow at this group of properties but it’ll actually shorten my payoff period from 23 years to 20 years due to the change in loan product. 

My current profession is as a line production manager for an automotive company.

The reasoning being…1) either this insane appreciation continues and I’ve collected more of it2) appreciation has slowed and I won’t miss s much by selling3) the sale won’t occur until next year.

For example here in Denver most renting takes place in the summer months and can be slow and lower rental rates in the winter.

The market is crazy, but I do not think it is going to slow down soon (6 months ago I was indicating the odds of a depreciation cycle was greater than pre Covid - I no longer hold this belief (not stating I was wrong about the odds, but it did not happen and looks like it will not happen)).