, to start the process all over again.LA is an outstanding market for buy and hold RE. 

That would be outstanding!

@Julia Kulbatzki while it is difficult to point to one that consistently outstanding, there are a few that seem to do quite well overall.

I always submit a FOIA request (Freedom of Information Request) to the city before I buy to confirm zoning, fines, judgments, violations, outstanding water bills or other issues, ongoing code enforcement issues, etc.  

And you only get charged on the HELOC on the money outstanding. 

For example if the loan is $100,000 you may pay 3%, so your balance outstanding starts at $103,000.

Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler.Proverbs 11:15: Whoever puts up security for a stranger will surely suffer harm, but he who hates striking hands in pledge is secure.Proverbs 17:18: One who lacks sense gives a pledge and puts up security in the presence of his neighbor.Proverbs 22:26: Be not one of those who give pledges, who put up security for debts.These say 1) don't risk too much with loans requiring collateral and 2) don't get a loan with a sketchy dude because you're going to get caught holding the bag.Romans 13:8, too:  Owe no one anything, except to love each other, for the one who loves another has fulfilled the law.This warns against debt that incurs an outstanding obligation.

The owner did an outstanding job.Btw -  This is an example of the tremendous VALUE we deliver and is our trademark.Love to chat about all projects you may be considering.Cheers,Jeffrey Baxter

Note sweat equity such as a BRRRR can provide outstanding returns (We have historically achieve infinite return on our BRRRRs), but they are not passive. 

We have no student debt or outstanding loans except the rentals and our personal house.