In Collin County, consider properties with strong appreciation potential in areas like Plano or Frisco.

having a HELOC to have an emergency line is smart since if you really need it in a crunch you could draw funds within 1-2 days or less in most cases.

They have lots of options for you, depending on your budget.

Are you looking to focus on SF fix/flips?

Connecting with investors is a great move too; it’s one of the best ways to gain real-world knowledge and build a strong foundation for your journey.What kind of investing are you most interested in? 

My CPA was unsure... do you issue 1090-NEC for the difference between 1099-K and 1099-MISC or do you double up the income (i.e. 1099-NEC for gross rents from PM, 1099-K of the net owner distribution on 1099-K, then owner reports double income and puts a line item expense for the 1099-K since 1099-MISC covers gross rents).You need a new accountant lolPM issues 1099-MISC, not NEC for rental income paid to property owners.You would still issue the rental income paid to the owners regardless of the payment method.The Property Owners should add an expense line item on Schedule C stating that income reported twice on Form 1099 to offset any duplicated amount.

We also have a very strong rental market, and that too has high demand from investors wanting to purchase. 

It's a strong market.

My numbers on the deal were as follows:The Property was in Hales Corners. 

In which case you can get 5% on 3 month CD.