Garbage and recycling was being paid by the owner, but they misrepresented that to us in the documents. 

But it can be recycled.

This helps them build a rental portfolio by essentially recycling their equity. 

Then they keep recycling their cash.One of my OOS investors here in Columbus, Ohio will be refinancing out of a duplex soon.

HELOC can be a good strategy as you can recycle the capital without getting a new loan each time.

Yeah, you get to recycle that money over and over, but you need that large cash position to start. 

If you can learn to do this using the BRRRR method out of state then you'll create a cash recycling machine and you will be able to grow to 100 units through adding value and recycling your capital instead of saving up for a downpayment on each and every door.So, in summary, get your money in play now and you'll be able to learn as you earn. 

I try to recycle when I can, LOL.

If you have $30k to work with, you'd be best investing in some way where you can recycle that and get it back as fast as possible via refi.Alternatively, use the $30k to buy something to start building your track record, and then approach family/friends to partner up with.

My first property I paid cash for (130k) was was able to recycle the equity on that to acquire a few more at not much out of pocket.