Welcome @Scott Kolar let us know how we can help you achieve your 2016 goals.

Free event covered by a few sponsors (I hope we get a few more so I'm not footing the whole bill, but I will if that's what it takes to get the ball rolling).You can RSVP here: http://www.meetup.com/real-estate-investing-club/I'm shopping a few locations in Katy, if anyone has any recommendations (to fit up to 200, adequate parking, and enough seats).

@Scott Szurek, Most states have a governing body that does child care assessments to make sure the property is kosher for running a day care.

Its simply like a whole separate loan and I'm using the equity in the home to secure it, kind of like using it as collateral?  

It's a whole lot slower moving than LA, and industry is more concentrated.Just make sure you're buying in a decent area, and if you leave yourself some room for rents and valuations to go down you should be fine.

The lack of cashflow pretty much kills the deal, because the whole project becomes based on potential revenue of the flip... while the cashflow will not increase for any other investors as well, so it could become hard to sell at a decent price.

A top selling agent in the metropolitan Indianapolis area for the last 5 years.Love working with buyers and sellers to help their dreams to come true.Goal to achieve customer satisfaction at the highest level.

You may come across that name sometime...For my appreciation needs, I would be looking to buy under intrinsic market value in the first place, achieving FORCED appreciation from the get go. 

I am after the $100k-150k homes and do some light rehab and hope to rent out for 1%-1.5% of purchase price to achieve 1% or 1.5% rule.  

I plan to pay down most of the HELOC, turn the whole property into a rental, then move onto the next one.