Of course, Hard Money is higher but hopefully there is a win/win compared with the slow pace of Banks.

Comparable rentals that come on the market in my area are rarely active for more than a day.  

We had just gotten married the month prior to buying the house, and paid for that in cash.

Rent is expensive, so maybe line up a roommate situation prior to arriving. 

Your bank will do their own appraisal (and since this is a duplex, the appraisal will be based upon comparable sales) and then offer you the HELOC based upon the results of this.

It was crazy to think when comparing the risks, how less risky a duplex was vs the 10 unit (huge old building/a lot of operating expenses)The prior 3 years only grossed $75 k on avg which would mean we would lose in first year if it did those numbers.  

I’ll still be building equity with the help of a tenant, I’ll have my foot in the door and I’ll be saving 480/mo compared to my current circumstance. 

Initially I will need estimates prior to purchase, so if you know anyone that is willing to do a walk-though, identify potential problems, and provide a rough rehab estimate, I would be eternally grateful! 

The time that they spent on the sideline has opportunity cost (rents, loan pay down, appreciation, etc) compared to if they just bought something off the MLS.

The authors find that prior research has only considered either net yield or price appreciation, to the exclusion of the other, so they looked at both.