Not a big sub to fan and definitley not a fan of people trying to wholesale deals off of the MLS.

Networking and securing the right financing will be key to getting that first deal done.

What made you interested in investing in this type of deal?

Congratulations on taking that big step to getting your first deal.

These are three phases in the buying process where the buyer could walk away from the deal.

My idea for wanting the HELOC is to have access to funds for future deals.  

@Marcus Retter welcome to BP.It's a great community.I've been investing in Albuquerque for 10 years, and you can find some good deals there.Personally, I live in Santa Fe.There are several active Meetups that you can join to get around to other investors.Networking is really important.Get out there and make connections with other investors; that is how I got started. 

You need to know the law like the back of your hand, have policies and procedures in place to deal with problems swiftly/accurately/legally every single time, and be prepared to deal with tenants that push back hard or try to take you to court.

Question is, is the person you are dealing with a correspondent broker who brings them deals to fund or someone from their company.

I've been buying and renting here since 2009, the deals are hard to find these days but definitely out there!