I am considering automating my payment options for my tenants and would like feedback good or bad on using Dwolla.  

@Crystal H. there are a ton of really great home automation companies that can help homeowners remain in control of things like locks, AC, heat.

If you dig into our asset management services, you'll see that we've automated many of the functions thus providing better service to both our investors and their tenants which ultimately result in better ROIs.

My real estate goals are as follows: [list]Within one year - buy 1-2 properties (5-10 units)Within two years - buy 2-4 properties (10-20 units)within five years - possess a 100 unit real estate portfoliowithin ten years - possess a 500 unit real estate portfoliowithin twenty years - possess a [fully automated] 5000 unit real estate portfolio[/list:u]My minimum cash flow requirement is $100 per month after PITI, Maintenance, Management, Vacancies, Delinquencies, and other expenses.I plan to accomplish these goals entirely using creative financing while I repair my credit.

I think to handle sales pipeline, sales automation, workflow, tracking marketing, tracking communications (email to clients, phone calls, etc), document sharing, and I could go on -- but a good web-based (AJAX-based) system is the best for the price.

Being a Dad, combined with interests in energy efficiency and building automation led to a couple of small properties (triplex, quadraplex) ... which led to a few slightly larger buildings .... which lead to a second job {not quite big enough to outsource all the management}. 

Thus the more blunt instrument approach of using an IRR calculation and comparing it to one's cost of capital seems like a more logical approach to me.To each his own.

You will pay a modification or assumption recording fees linking the already recorded instrument to you as a borrower.

@Arthur VoskanyanIn these parts, a home equity loan is generally another term for home equity line of credit, but YMMV.It sounds like you are comparing a fixed term, fixed rate loan - ostensibly secured by a mortgage - to a HELoC.The are two different instruments which serve different purposes ... some of the differences are:Mortgage secured financing:entire amount being withdrawn is advanced at once and repayment is amortized over a specific period (typically 25yrs in Canada, 30yrs in the U.S.A. for residential financing).the term of the loan may be the same as the amortization (common in the U.S.A.), or may be shorter (anywhere from 6-months to 10years in Canada).the interest rate of the loan may be at a fixed for the entire term of the loan or may be variable.there may be limits on prepayment of the loan (without penalty).    

I have podio automations built into the site.