To elaborate...Don’t do just any deal to do a deal.

Elaborate on how you come up with a certain percentage for each expense.  

One needs to be conscious of the bank's ability to call back the HELOC, but, while important, the holder of the HELOC would (typically) still be able to get a traditional mortgage in this worst case scenario.I would appreciate your elaboration on bullet point #4 -- what would you recommend as the best way to generate your own "bank list" if someone is interested in pursuing this strategy independently?

Quote from @Alexcia White: @Kay Kay Hi, can you please elaborate a little more on this strategy? 

Can you elaborate?

Please elaborate.   

Don't be put thru an elaborate command prompt to reach someone.

." - care to elaborate?

.: No - don't pay down fixed rate debt Can you elaborate?

Could you elaborate on what you meant by this “Finally, do NOT fall into the newbie trap of thinking location is everything.