But when starting out that is when you are most at risk with all your eggs in one basket if this one deal turn out bad for you it could have you several thousand dollars in the whole.But how I see things is from a more cautious point of view and not everyone will be that careful.

Personally I’d be cautious about trying to live off the cash flow from one or two rentals even if they are paid off.

I would say if you're that cautious of how much a pet will damage your property, I would just say no pets in this case.

I would be cautious with Lorain, I don't know that area as well, but there is a high rate of crime in that area. 

We were like you cautious.  

He was eyeing a property with a HELOC attached, and we found out.. from what I've herd, banks can be a bit cautious when there's a second lien.

As for using your HELOC, it is a good way to get started, just be cautious about over-leveraging if market conditions change. 

This can limit your financing options and potentially lead to higher interest rates.Be cautious about prohibited transactions and disqualified persons, as outlined by IRS rules.

That’s another reason to hold off on an offer, since there's no proof of cash to close yet.As for the HELOC funds, I'd proceed cautiously with borrowing from other sources if you’re not yet certain the loan will close, and I’d double-check if your application has been officially approved. 

I expect to see it rebranded as something else and I would still be cautious about using them, when they tell you they need to clear your funds overseas before ordering.