@Ali Boone and @Lynn M. are correct that you should not assume rents are proportional, particularly in our area.

Could we use a quitclaim deed ( Not sure if I even understand that or if I am using it correctly)?

Most "mentors" I've seen do things that aren't totally correct, many lack the depth of knowledge to really teach, so you'll end up staring off learning bad habits or attitudes.

So you're in the right place if you utilize it correctly!

A HELOC (or Prime Equity LOC to be semantically correct when it involves a rental as @Chris Martin has pointed out elsewhere) will have its adjustable interest rate pegged to either Treasury or LIBOR.

For those of you who are title experts (or have experience dealing with HOAs), I got to thinking about a hypothetical scenario today and I wanted to get some outside opinions to make sure my assumptions were correct....Scenario: Suppose I owned a house or condo that was part of an HOA.

@Edward Burns, correct the upcoming hearing is about lost.

True colors show through when someone suggests that it's okay to cross ethical lines and they simply can't be trusted. :)

Might be correct but now my buyer in years 11 through 20 will have way more repairs to the property reducing cash flow.

From what I've been told, you can only get massive results from taking massive action and to be successful, one must develop the correct habits of practicing the right actions consistently over a long period of time.