If owning them makes my life better by providing a free vacation, then hold on for the long termAt some point, I discovered that if I stay there when it could have been rented, it isn't free

The eleventh hour deal just fell through after we jumped through hoops getting them every piece of paper they needed to close this deal by tonight.

But if it's an RV park near a lake or tourist destination, then an RV or 2: yes.There is no draw to travel somewhere just to stay in an RV....I whole heartily agree there is no draw to travel somewhere just to stay in an RV.The RV parks I've seen that have fixed RVs for rent look like low end MH parks. 

Are you looking to stay investing in Southern Cal or looking for opportunities out of state? 

Quote from @Brendan Lim: Hey everyone, I'm a first time real estate investor looking to close my first deal in Columbus, OH.

.: Quote from @Jay Hinrichs:  Good for you too, Jay, for closing and funding so many transactions.

When you learn the business after a year or two you can either go out on your own or stay with them. 

I'd recommend speaking with local specialists in your target market to look at multiple investment options side-to-side.Lastly, some of my clients have been encouraged to stay away from HELOCs unless they expect a lump sum (inheritance, sale of other asset, bonus, etc.) to pay off the HELOC in the next year or 2. 

If you pay the loan off before selling or do a refi and have $1 of equity, it won’t affect your taxable gain. 2) if you stay 2 years you’ll have 14 years of personal use out of 22 years so 63.6% of the gain cane be exempted, up to $500k.

I know that I should try to stay at 60% - 70% LTV.