would think your laws in CA would be the ones to check on.. sounds like this probably does not have a happy ending .. but maybe the lady with the 3 kids can pull it off. 

Hi...I have a question about refinancing rental properties and pulling out money. 

I’d like to pull out a HELOC on my property to pay down some outstanding debt and perhaps close my first rental deal.

How do we take fluctuating rates of HELOCS into account... the thing about HELOCs is that there is risk in rates rising, but there is also more ability to affect your monthly payment and therefore increase your cashflow by paying down principal... which you can't do with a fixed mortgage.What are your thoughts for what points to consider and what levers to pull when comparing the two options when its a HELOC you're coming to a deal with?

This seems like an overly complicated solution to a problem that doesn't exist...

@Lee TabbI need to know enough to be able to create a solution for them.

Homelessness is everyone's problem; the city is actively working on solutions, people may or may not agree on how it is being handled however better to be part of the solution!

It's easy - screw with a tenant's security deposit.Your buddy needs to send a demand letter stating what the problem is and what he wants as a solution and give the landlord 30 days to make it right. 

Buy a place for cash from a wholesaler/auction for a bargain price then get a mortgage to pull most of it out.

Or, I could get a similar technical job in different industry - I'm just like to move on from aviation maintenance.Until I pull the trigger I am making about 90K yearly in W2 income which could help me buy real estate before quitting since I do not need to, or plan to be making 90K in my next en-devour.