@Mukul Patel9% cap rate is not bad at all.

With the higher interest rates you can get a lot more bang for your buck using the temporary interest rate buy-downs and then refinancing when the rates have come back down. 

The only times I can think of where a HELOC with $0 balance will impact anything is overlays and as a "financed property" that counts towards the Fannie cap of 10.When used as a down payment (or otherwise drawn upon), the new payment with the new balance will be included in DTI.

I have a property which I got under contract for 65-70% appraised value while being 93% occupied and 10.5% CAP rate in a solid B area with no deferred maintenance.

And then I've done enough rehabs to know the cost range to expect as well as cap-ex costs. 

Also, since the housing crunch my bank no longer caps rates like they used to.

My current primary was a buy low deal in 09' so it will cash flow north of $500.00 a month after all debt service, cap ex and vacancy allocations and with our W2 incomes we can easily afford the new house and still have a nice life style.Is there such a thing as "Happy Wife, Happy Life" or do I stay the course and make her wait (or divorce me) until we have our rental portfolio started/establish.... what's a good number to get to before we upgrade our primary?

Thanks Joshua.HOA seems to be in good shape and financially sound.Investor friendly with no rental cap.

The Security Deposit Law (for lease agreements of a year or more) caps how much the security deposit is (one month's rent) and within thirty days the deposit must be placed in an interest bearing account where the landlord provides the tenant a receipt indicating the name and location of the bank where it is being held.

I was going to get an llc, but my cap suggested a GP with my wife.