That will be helpful when it comes time to put some of that "Trapped equity" to work! 

Dont fall into the trap of   CASH FLOW IS the ONLY THING.. 

My 2 biggest pieces of advice... 1) If you want the fast track, get a mentor - but the RIGHT one...it's a crowded space and we definitely made a mistake selecting the wrong one the first time around (now we're with an amazing group and have closed over 400 doors in 2 years). 2) Don't fall into the trap of thinking you have to start small ...you don't. 

The line of credit allows us to access that "trapped equity" anytime.

I made a mistake and stopped working to save will admitt I spend a bit heavy like most have fallen into the trap I have nice cars and a nice house in a nice neighborhood and my kids have nice shoes.

Is it possible to do brrrr with a first time buyer loan, 203c or are you trapped in loan to long? 

Your first deal will most likely not be your best deal.I will buy someone as quickly as possible to learn from the experience and gather the momentum you need to get your BEST DEAL.Goodluck and don't get trapped in the analysis paralysis....It's a Real Thing Bro!

I am a former CFP and financial advisor who's now working as head of accounting/finance at a 500 unit multi-family operator and developer in LA who specializes in Section 8 tenants. 

I don't know if that meets the legal definition for being a booby trap, which I believe are illegal everywhere, but I'd talk with an attorney about it.You might consider a few "junkyard dogs", again with highly visible signs and attorney consultation. 

If a fire starts and someone is trapped in the basement and dies, it becomes a liability for the landlord.