From what I can tell here are the pros and cons: Pros:* less taxes to pay on the multi-family vs. two condos* no need do the additional taxes associated with an HOA* Since I own both condos in a 2 unit HOA.

But the word 'HELOC' is traditionally associated with 2nd mortgages on primary residence, so I think, in addition to making some relationships with smaller banks in your community, ask them if they grant homeowners secure lines of credit with the homes as collateral in first position.Remember, there is a thing called a CD Line of Credit - for example, you put 40k in a CD(this is a terrible investment, by the way, but I am doing this for illustration) and then you tell the banker you want a line of credit secured by the CD. 

@Pete Jimenez Yes, you are still successful to a degree if you have to leave money in a BRRRR. 

@Jeffrey Grieshop You are missing costs associated with rentals.

Are folks using a good ol' spreadsheet to track the numbers associated with the rentals?

It’s her home.My other tenants are young people with their first really nice pad—sometimes they are leaving home for the first time after completing a degree. 

Looking to chat with any current or former inside sales associates who worked in a brokerage.

What's most interesting about this is the place we live here in Canada as of tomorrow will literally be the coldest place on Earth with wind chill nearing almost -50 degrees (not joking... see screenshot below).

Paying for licensing courses, state tests, MLS dues, and a variety of other fees can add up, especially the yearly or bi-yearly renewal fees for licenses, Realtor associations, MLS fees, and various admin fees .

I would set up a zone in that area with a 45 degree thermostat.