It may impact your credit score which can in some cases impact what you pay for insurance-- but I would be surprised if a HELOC was a big enough hit to cost you more in insurance

I stay on top of MB-> AB for revenue real estate but maybe one day I’ll be old(er) & fat(ter) and relaxing in the Okanagen.

Been MIA from work and looking at properties.I just wanted to run a quick calculation I ran to see if I'm covering as many bases as I can in a short period of time while searching for potential investment properties.So for this example the property is listed as $719,900If I include $20,000 for rehab to my OPM and take out my $210,000 downpay (Which I set aside $10,000 for any other closing fees, etc), my mortgage would be $529,900With a fixed 30 year mortgage at 4.5% interest it comes out to a monthly payment of $2,685.

I look forward to everyone's responses and learning as much as I can in the process. 

@Anthony AngottiKeep all the money you can in your pocket :P glad to hear you're pre-approved.I'm happy to share handymen and some lawyers names as well, feel free to message me.I may also have a way to help you find some deals, so please message me for that as well!

My hope is by using BP and networking with others on the site I can become a serious real estate investor and learn all I can in real estate.

I’ll definitely listen to a ton of podcasts and keep learning as much as I can in Bigger Pockets.

Now, even poor people are fat, waste food, have the internet, have a car, have Air Conditioning, live in bigger houses, everybody has access to electricity, gas is relatively cheap, we have an Over Supply of Oil, roads are relatively well kept, tires last longer, instead of a car going 100,000 miles they go 300,000 miles, clothing is almost free at 2nd hand stores, bundles of clothes are shipped over seas because they can't be sold here, everybody has a gadget that fits in their pocket that gives them instant access to anybody in the world by entering a phone number or email address or URL, can play 1,000s of songs, and has far more compute power than what it took to put men on the moon. 

Here's a contact with a property management group in Somerset, PA:Jennifer BowmanProfessional Appraisal & Property Management Services LLCIf they can't help they may have some insight on who can in the area. 

We have programs that we readily pay your; grocery bill, rent, cell phone, internet, spending money, health insurance, Rx coverage, day care AND to boot not only do you NOT have to pay diddly-squat in income tax's that the rest of us subsidize (pay) for you but we even send you a big fat check each year if you have kids.