<prompt> Human: My financial situation: First house is on a FHA loan. I have about 150k in equity and 600k in loan. I dont have any saving that I want to use. I want to use HELOC with no cash down. I can borrow 350k more from bank based on my income. Credit rating around 750.I would like to ask: First is it even wise to consider a second home? Should I use HELOC? I have no down payment, will this be a problembad? Monthly rent or AirBnB? Where in the Bay Area can buy a condo with 500k? 350k without HELOC? What are common pitfalls for 2nd home?  <response>: Note: I lived in the Bay up until last monthFirst is it even wise to consider a second home?I dont think so. Youre barely able to afford a second home in the Bay, and youre already priced out of a house in a lot of the hot areas. Im not talking about SF either. East PA, North SJ, South Fremont, and similar hot areas are out of your price range.I have no down payment, will this be a problembad?Youre going to be paying more in interest.Monthly rent or AirBnB?Heavily depends on where youre buying. Where in the Bay Area can buy a condo with 500k? Nowhere that people want to rent. Youre basically limited to condos in Oakland, North Bay, Union City, or mobile homes elsewhere. 