The big question is the 5yr draw period on the HELOC would be a lot less until that period is over.  

I think narrowing to five national markets is essential as a good market can make a deal over a 5 (or greater) year period.3.

A homeowner booked off their home for a period of time in return for payment.

However , we have essentially been house hacking if you will and want to continue that trend moving forward .Buying , living in it and adding value over a small period of time and then refinancing and renting it out .

Personal income requirements are not strained by neutral CF during this period of time... the high cash flow will be happily usable in the later half of the investment period after liabilities are completely shrunk.

They should be able to give you the number of sales, prices and days on market for a specific area (ie Zip Code or County) and for a time period (last 90 days, 1 year ago, etc)From there I also look at businesses coming in and out, unemployment rates and crime rates. 

So if in the last 20 years, the 10 year treasury rate dropped by 100bps in any one year period, then that's what I would use for my conservative projection for it increasing in the next year.So, if we look at the 20 year yield for the 10 year we see some pretty big swings within a single year period.If you're planning for the apocalypse then you may want to bake in a 2% increase.

Since the lender Owner Occupant period is 12 months, I'd meet that obligation by staying in the property for at least 12 months, and property shopping while waiting for the 12 month period to end, then move on to another property. 

@Shaun Marks  First Congrats , since you wish to payoff the the new HELOC I believe you will have no issue with a common  six-month title-seasoning wait period.

I have a tenant lease renewal this month and the feedback was they would be willing to pay more if I add a/c. what is a good payback period I should expect for adding a/c or a mini split system.