@Sakib KhanRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Being a curious person, I gained an interest in real estate investing due to other classmates being interested in real estate.

@Dylan Jeluso see if you can join a team in your real estate office to gain experience.

Current HELOC rates are typically 8-10% depending on your credit and lender, though some banks offer promotional rates.

Does this completely prevent the tax lien holder of getting additional gains after foreclosing? 

No reason for me to go the through the hassle of the sale process unless there is some type of gain which the investor is open to and this is where I need the advice.

I’ve been thinking DSCR but don’t they typically have higher down payments and closing costs?

Having before & after pictures is a string tool when dealing with HMLs and real estate agents to gain business. 

I think this is pretty typical of the ultra wealthy..

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.