Second, 50K net may not even be that much and its not enough to change your life in any meaningful way.

I just want you to be prepared so you can make a meaningful decision on the front end based on the risk. 4 to 6 months is about the minimum time frame if you are foreclosing on people who are fighting with you on it.

After a year or two of doing that (what do people make - $150 to $200 a door a month) you would get some momentum and you would have a portfolio that is starting to become meaningful enough for the turnkey provider/vendors/etc. to value the business you are doing out there.

Best bet: 1) Use Listsource to pull names from your farm area2) Use Propstream to map where you want to send letters to...extract and send to pdfThen, hook up with a mailhouse that can send you mail based off the names you have saved.

We need more than a statement and a list of books to have a meaningful discussion.

Many are pulling back on doing them at all right now.Did you add enough value to have any equity to extract?

Save a ton of money and pay it down meaningfully right from the start. 

By the way, we typically do not get all of our investment extracted unless we got an assist with market appreciation (which we have gotten multiple times, about half of our RE has had all of our investment extracted).  

Data and not opinion if you want a meaningful session which strategies are worth anyone's time.Till then I absolutely respect your difference in opinion, but I will still tell you "You are wrong".Bring numbers, not opinion to add value to this.

The other 20% or 20k is equity in the home that you can not extract (at usual bank terms) so thats where the other 20k went, its equity.So I imagine the question actually being "I have property A worth 100k with 50k mortgage, can I use a HELOC to buy B?"