@Adam M.The cost for a real estate tax accountant will vary based on location, experience, education and other factors, just like any other professional.

In Phoenix, where I’m based, or in markets like San Antonio, the best realtors do more than just list properties.. they go “driving for dollars” to find oppurtunity, leverage their local networks (probate attorneys, CPAs, divorce attorneys) and carefully analyze each property’s cash flow.

Some banks and lenders will calculate your Heloc payment based on the Max limit even if you only have a small portion used due to preventive risk. 

Echoing some of the comments from others on this thread and adding that the LLC is purely for asset protection and limiting your personal liability. 

Determine your maximum allowable offer (MAO) based on your investment criteria.

Now IF you have all those bases covered, my tips are: Take GREAT pictures and for the love of all that is holly please no close ups, wide angel pics.

I sure like the concept though.. and I bet its fun.Hey Jay, we handle it by being a subscription-based investment club.

Problem with these is 1) they won't appreciate as quickly as those closer to the city and 2) it's a whole different tenant base, usually with a lot more management.

A potential challenge with a HELOCs is they are based on the current appraised value of your home, not the improved value, so you would need to make sure you have enough accessible equity.

So, for OU (open use) they have gone back and forth whether they would or would not allow based on lot size or otherwise a STR in that zoning.