Correction, I just re-read my notes from last October. 

Dan, you have to reread what I posted, I did the opposite and evicted them.  

Quote from @Joaquin Camarasa: @Erwin Groenendijk just reread this and understand that as an SL I would be able to deduct expenses.

I just re-read and realized you're talking about getting loans for lien position 2, is that correct?

If you reread my post, you'll see that I was clear that my purpose was to avoid that what you wrote would unintentionally mislead.

I would tend think the value of the duplex would be higher than your estimate, but I don't know the market.By the way, I just re-read one of your posts, you don't have to put 25% down on a rental.

Please take a minute to reread what I wrote.

Reread what @Stuart Udis wrote.We can testify to the same challenges after 25 years in our marketplace.We also agree with @Kristian Sexton about starting with a PMC.

Re-read the thread starting with Eric's first post - you're making the same mistakes he did, or so it would seem.So, show me where ANYone ANYwhere said ANYthing about "moving debt around".As I wrote to Eric Jones:"Again (and again and again and ...), the HELOC is used solely as an accumulator for the lump sums periodically paid against the 1st mortgage.

This is an old thread that was revived with the recent reply, and re-reading it now, I want to correct a couple things.