Investment advisorRegistered investment advisorsEmerging fund managerPlacement AgentFamily officeMoney raiserBroker dealerFund manager Legally you cannot hire someone specifically for capital raising unless they are licensed through FINRA.

I've also heard it can be a good thing to have some debt against a property because if any issues arise legally, the bank will be the first line of defense. 

Also, I believe there’s really only one PM company in the local Marquette county area that has a Real Estate license, which is needed to legally manage other peoples rentals in Michigan.

But after an exchange - sign the purchase documents with one pen and pick up another pen to sign the refi docs :)Another strategy you could consider is reinvesting into multiple properties, where you purchase the first property cash (ensures some security and concentrates the equity) and the second property with a mortgage.

- is it legal to rent by the room in your area?

What we typically do during this time of year on our owner occupied non performing loans is not perform any legal actions between thanksgiving and christmas. 

Thanks,James The only reason you could not keep the HELOC open is if there is something in your original loan documents saying the loan would close once it was not your primary home anymore.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I'm dealing with a unruly tenant and need to take legal action.Looking for local Issaquah or greater seattle tenant-landlord lawyers.thx.

@Drew Sygit my strategy for now is to spend the next 6 months or so learning everything I can about real estate markets, properties, underwriting, financing, landlords, property management, construction, legal, insurance, and anything else that comes across my radar, all the while trying to make connections and build relationships within each of these areas to build a network and gain the confidence to sell lenders and investors on the very best deals I can come up with.