That period of time may be more or less relevant individual investors, but it is the obvious starting point for the discussion.

See fi you can find some like minded partners that you can stand to live with for a short period of timeWith regards to Chicago- Same advice as NYC but the price points are going to be significantly less than NYC.

I am considering turning it on for a short period and see how it goes.

It has more to due with the great inflationary period we are in.

Only renew really good tenants, period.

The transition into and out of LLC was my biggest concern because it might be viewed as a short holding period, but it seems to be fine. 

After the 3 year period to redeem property, what am I to do as the tax payer?

A general credit line, on the other hand, could be secured by other assets or unsecured, and doesn't necessarily involve your home equity.HELOC Characteristics: - Uses your home as collateral - Usually has a lower interest rate than unsecured credit lines - Typically has a variable interest rate - Allows you to borrow up to a certain limit, repay, and borrow again during the draw period - Can be used for various purposes, including home improvements, debt consolidation, or as an emergency fund While it's possible to use a HELOC for RE investing or rehab projects, some lenders may be hesitant about this use.

And bait and switch, 10 day Option periods for 10 days for $100 to surf for other Buyers to assign to - don't get me started LOL!

This could be anything from a Letter of Intent as a prelude to a purchase contract to an actual purchase contract with an OPTION to purchase for a small option price subject to a defined time due diligence period.