Lived it but they drive in the opposite side of the road.  

Appreciation will drive your returns, not cash flow.

Thanks @Henry Lazerow, that is basically what we do in the city. 

If they are all in one area within reasonable driving distance then I’d find one PM you like and have them manage it all.

I'm struggling a little bit on deciding the best agreement to make sure I can get some cash flow, payback the HELOC, and not drive the new mortgage up too much with the Refi out of the HELOC.

It's basically a sanity check.

They're basically two different skill sets and it's fallacious thinking to assume you can do one because you can do the other.

Assuming that they aren't simply lucky in market timing, excessive in leverage, or excessively risky, why do you think that some companies and leaders ARE able to duplicate the ROI driving expertise and/or improve personal-business productivity in a way that allows scalability?

In Phoenix, where I’m based, or in markets like San Antonio, the best realtors do more than just list properties.. they go “driving for dollars” to find oppurtunity, leverage their local networks (probate attorneys, CPAs, divorce attorneys) and carefully analyze each property’s cash flow.

Hey Max, Nice to meet you here.. do you have any top priorities when searching for a property to drive by?