I'm looking into a 1st Position Heloc for my rental property in CT.

Hi,Wanted to check what cash on cash return/cashflow I should expect for units in University City area (West Powelton, Powelton Village). Inventory seems low, and I am trying to househack my first unit. However, the u...

@Vijay Radhakrishnan Thank you so much for the positive feedback. 

Did you ever find a solution for a 3rd position heloc?

The most reliable method to locate liens and their positions is to conduct a title search through a title company.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

She is not in a position to lend a personal loan to me. 

You pay $150,000 down and borrow $1.35 million from the second seller in a first position lien.

It’s been bumpy with positive income. lots of expenses,  220 w batteryinstalled, utilities , gardener,  Water heater etc and cohost is eating up positive.

It's meant for gap financing, so you can't compare it to a DSCR or some other kind of first position financing.