HELOCs are fine, but keep in mind that you really only want to use 50 percent of less (each) of your available equity just so you aren't creating a problem that you can't solve later if the value of your personal residences fluctuates.If you both have W2 jobs though, have you looked into getting qualified together and just getting a loan, 10 percent down each?

It sounds like we didn't do a good job of setting expectations with you on the front end.

All good, he got the job and started on May, 10, 2018.To make a long story short. 

Quote from @Pranav Patel: Hello,I'm 22 years old with roughly $50k saved up through part time jobs and internships.

But since I am in the fire area of Altadena I will be very busy rebuilding houses for the next decade for me "day job".

Unfortunately, I have to answer unknown phone numbers due to my job role.  

Our long term goal is to purchase and move to a remote ranch and for me to be able to quit my job around 40 years old.

Here are some additional comments to add - please be sure to read the last comment regarding making contributions to both an IRA and 401k.Can I set up a SDIRA if I have full-time job?

@Michael Almand, for a full line-by-line breakdown and scope of work, my preferred contractor will charge about $250 to walk the property but will credit it back if he and his team are given the job.

@Sophanara Khoeun you mention that you have no time as you have a 9-5 job - so, do 99% of investors!