I've been contemplating a lot lately regarding to have or not to have any / how much financing on future purchases.
I still have money from the rooming house sale I want to turn into cash-flowing, nice SFH rentals. I have an open HELOC on my personal home, that I used to get business going - but would rather be more separate going forward.
It has been great! I can withdraw and repay whatever / whenever I want, then do it again.
My latest idea is: Instead of doing a get-my-cash-back or cash-out mortgage after a cash purchase & repairs (with a fixed payment), put a HELOC on the property.
My thinking is, this way I will have money available if / when I need it, and it will show up on any search by a money-hungry injury lawyer as no / less equity .