Purchase price: $297,000 Cash invested: $18,000 Made a decision after BPCon21 that I would acquire my second rental property within 90 days and I ended up closing on the deal within 45 days.

I initially wanted to keep it forever, but once I made the decision to go out on my own, I knew I need to sell it in order to start my company.

Not everyone reads all the words in your ad and they make decisions based on photos/price so you may be doing yourself a disservice for charging a higher than expected rent for the type of home you are offering and see fewer applicants.  

Most climate hyperbole is exaggerated anyway, so just make your decision based on the housing market info, not the weather.....my .02

Hey Josh, congrats-- sounds like you're making great REI decisions, thus far.Typically, with HELOCs, the interest rates are higher than what you could expect compared to a Cash-Out Refinance.

I think the question is more of a personal decision and whether or not someone has the time, energy, and resources available to setup a business, learn the inner-workings of the industry, and constantly reevaluate how you can improve.

Learn as much as you can about the pro's and con's and make a decision for your situation. 

Don't make emotional decisions.

Hi Tessa,Maltipoo dogs are cute...but that should not effect your decision...but it might.Good Luck!

I hope this helps with your decision.