Turns out that they do not have access to Zillow Group anymore and apartments.com even thou they keep marketing them as options on their website.

It gives you some liquidity, but you don't have any interest to access that money until you draw on the line of credit. 

About 1 mile from the beach, but there is park water access nearby!

About 1 mile from the beach, but there is park water access nearby!

They have too many restrictions for us.  

Yet small enough to give you access to the right information and assistance you need when you need it.

Such a large market presents a potentially lucrative opportunity for real estate investors—as long as you understand a few unique characteristics about this demographic.Consider location relative to campus accessibility.

My logic was this - I can pullout an additional $17,783.75 after all fees (estimated) and use it for another deal / payoff other debts / remodel properties or I can keep it in the property where it cannot be accessed without having to pay it back.

The line of credit allows us to access that "trapped equity" anytime.

If I close the prop as a primary home and turn around and rent it out….I understand there can be “owner occupied” restrictions from the lender.