I work a full time job and so does my wife so we're working on real estate on the side and aren't particularly wealthy so we're funding through frugality.Here's the situation.We live in ATX where buying property is generally expensiveRents are relatively low compared to Home Values and the 1% rule never ever comes close hereWe currently own 2 duplexes. 

Allowing you to refinance and have the traditional lender pay off your LLC's mortgage and thus yourself to repeat the process within a day or two and not months.https://www.biggerpockets.com/forums/49/topics/649...

That will give you the $ amount of property worth you are willing to afford going the traditional route.

Not the best seats where people get the VIP dinner, etc.After the event here is over, we can compare notes and pass around the 'good stuff'.How many are in your team?

If you're a great client who continually brings them business with a track record of strong financial deals...you're a dream come true for them.Opportunity Costs: Sophisticated investors often employ a metric called Internal Rate of Return (IRR), which looks at a potential investment compared to other investments.

I'm not sure how you will be able to make $10-15k work in this kind of scenario (one challenge will be finding a traditional lender to lend on a $40-50k property, and a distressed one at that, and even then you'd have to have 20% down since you won't be living in it).

Those comps may feel like poor properties to compare to but they are valuable data points.The regression line will answer exactly what the extra 100 sq ft or bedroom is worth!

However, I'm guessing that you will just be using the HELOC to acquire and then you will be refinancing into a traditional mortgage after that.

HELOCs are usually more conservative than traditional 1st position mortgages.

But, if you can find comparable properties, it is not bad.