I have a pair of friends in Paris (husband and wife) who own and operate a very successful hostel in Paris and they have visited Los Angeles multiple times in search of a Hostel to purchase as they would like to relocate here and operate a hostel.

I took out my old faithful pair of glasses that allow me to see in perfect "short sighted" vision, saw how much more money I'd be making per hour (time for money) and told myself " hey it's not a big deal I can still do real estate in my spare time, nothing is going to change ( justifying my greed and stupidity with false promises to myself) well the problem was that there wasn't any spare time.  

I better go get me a new pair of running shoes.  

I am getting some things done, but I've come across a pair of possible deals that I want, need advice on.

I’m interested in possibly pairing up with someone for the first deal.

Like Matt, with a HELOC you will only pay on what is taken out, plus you may only be paying interest during the initial draw period.With limited capital you could pair the HELOC with some private money from previous partners or family members wanting to get in, this may create even less risk for you.As far as the DTI goes I am not too sure on that but I would be careful doing a BRRR right now with the fed expecting to raise rates another two times this year.

Also, a good experienced hard money lender will act as a second pair of eyes to help you analyze the deal in their underwriting, they won't want to invest in your flip unless it's a good deal!

If you, or your tenants, are concerned about cold feet, put down an area rug (they can be removed easily and cleaned or discarded) or buy a pair of slippers.

I won a judgement against a pair of professional squatters in excess of $8,000 five years ago...

One of his friends kept getting screwed by credit pair/connect you with my lender types.