However, let’s go with the scenario that you rent and HELOC the Las Cruces home.  

Build up for your next investment.I'm not actually spending any of the investment money on myself for a car or vacation.

I haven't done a HELOC recently, but when I did, they didn't care about the W2 since I already owned the home.

I like the one that requires payments to be deposited in an escrow account:New York state law requires that consumers receive a written contract for home-improvement work that exceeds $500.

Florida's West coast or Austin TX are seeing 5+ months of listing inventory and declining home prices.

But same theory give them a second chance and many times I was negative cash flow I would rent for less than their mortgage to get them going again.. did well over hundred of those and I can count on one hand how many actually were able to totally cure and buy the home back.. 90% of them defaulted in the first 18 months..

Other than that, the city is largely residential with many jobs focused around providing for those residential needs such as the service industry sector, home repair, construction, etc.

What would you say is the average occupancy and daily rate for a 1500 SF 3 bedroom home in good condition around a mile from the beach / pier? 

I was wondering how should I do high level estimate on cost of construction for homes.

In most states there is protection in your primary home through the homestead exemption, your investment properties must be in a separate entity.