I've had people put down $30,000 or even up to $50,000 as an option fee.

Post your questions on here, most experienced investors are happy to help.

I met Kevin much later at a meet up through Subto and saw his phone notifications and how he has hundreds of people reaching out to him daily. 

That is not typically disclosed up front. 

Curious to know what you would suggest for durability and longevity for a long term rental.

(I know, nothing is certain but just hypothetically) and all cash out loans are not created equal. if you have a lot of equity you can borrow up to 60% with the lowest rate possible, which would be close to a half point lower then borrowing up to 75% loan to value. 

If you want to keep it, then would you refinance that new build to pay back the HELOC? 

- If you are putting an offer in on a property to get that property under contract, part of the contract is that you put up earnest money.

I’ve visited every other property I’ve considered in the past, so this is uncharted territory for me, and it feels a little out of my comfort zone.I’m considering putting it under contract sight unseen to lock it up, but I don’t want to make a rookie mistake here.I'm looking for some advice here.

When we got our CPA we followed up with a few different friends that also had rentals and funny enough they recommended us to the same CPA.