.- Legal and Tax Implications: This strategy involves intricate legal and tax details.

I would recommend looking into local real estate meet-ups and networking with investors to get yourself on wholesalers email lists when they send out their deals.Hope this helps!

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.

All the water issues could have caused this as well.

This is one of those, as is the neighboring properties (all of which operate as duplexes, though officially are noted as SF).

being that this is you first investment property is there a reason that you are not getting help on this one? 

Experts suggest this may be wise for businesses with simpler structures to avoid future headaches.2.

To keep this simple, let's go with the two extremes. 

This is going to bring my mortgage payments to around $2.3k per month. 

I dont know the terms of this specific home equity agreement but the ones I have seen in the past were pretty expensive.