You have to find their problem.There are a lot of high-net-worth people looking for opportunities to enter the hospitality space but lack the operational know-how you’ve clearly demonstrated.

I personally use 40% but I'm also in a higher rent area.

Always happy to see other folks from the DFW area on here.

Certainly more areas with lower property taxes.

You are going to want to find some good wholesalers in your area that can help you find distressed properties, or network/cold call some home/duplex owners in your area to see if you can find a discounted distressed properties, use the heloc to get hard money loan.  

Should I live in this house after and buy more property with the 100k or rent it out move and try to buy more property, the only problem is my area is so expensive a new mortgage would be more then what im paying now.

Wenatchee area hands down. 

There are a lot of thorny issues associated with this transition back to independence.

If you're in the FM area and you own/operate STRs I'd love to connect.   

@Simon Girmay we've got many clients from Toronto and Vancouver areas investing in Detroit.DM us...