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

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

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

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

I will be starting an internship/co-op with 60k salary at the beginning of June after finishing my Junior year and will continue on for 15 months until August of 2026, in which I will then finish my senior year of classes back at Purdue 2026-2027.

This will provide you two benefits:1) Help you better define the position, so you can hire a better matched person2) Make training the next person easier

I make about 70k a year from my salaried job and my friend makes double that.

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.

Money makes you happy only so often.But a good place to work keeps you happy every day you show up.Yes, 𝗺𝗼𝗻𝗲𝘆 plays a vital role.But 𝘸𝘩𝘦𝘳𝘦 you work?That’s what really makes you happy.A good workplace doesn't happen ...

How do others manage to create positive cash flow from MF properties with debt?