Surprisingly, they agreed, allowing us to close the deal quickly and on much better terms.One crucial aspect of seller carry financing is recognizing the tax advantages it offers, especially through a 1031 exchange.

Moreover, I'd be mindful of using and defining the word overpriced.

@Aaron Rushtoni know your questions are very focused on the HELOC but... there are lots of aspects to a BRRRR, and financing is only one of them.and if you use borrowed funds for 100% of everything then yes, that's potentially less cash out of pocket, but it also increases the overall cost of your project, putting more pressure on the appraisal and refinance. 

This looks like many things but here are some idea starters for you:- Ensuring that payments are automated for receiving rent, paying mortgage, paying utilities- Ensuring the lease version used is up to date & calendar notifications are on for renewal periods- Tenant screening process is defined and followed- Turnover process is clear and team is in place- etcIf you need a CPA suggestion, I love Samantha Kelley.

How exactly do you define passive income?

., more-so than one defined by state borders.

The appealing aspect here is the ongoing population growth and other economic factors.

You may have a grasp on this aspect, but there are items to consider that can play a big factor when choosing your land such as topography, existing zoning & platted lot status, minimum/maximum requirements such as parking, detention, size of building, setbacks.  

Overall, I learned there are many aspect sand parts in a Flip: from Realtor, City Inspector, City Code, Contractor, Designer etc.

If the fees are defined as "additional rent" in the lease, the LL can deliver a 3 day notice to pay or vacate, but if they are not defined as "additional rent", deliver a 7 day notice to cure by paying the fees.