@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

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

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

I think the first place to start is evaluating quality deals.

----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

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

I'd underwrite the deal as any other - make sure you are conformable with the quality & tenant base. 

I just closed a DSCR loan on a Duplex with Total Quality Lending.

By definition, these type of loans are not the same quality as what is traded on wall street. 

Wondering if anyone has had positive experiences.