Also as Don mentioned I saw many private money HML melt down when they took on PPM type investors and did not have deal flow or could never match money raised to deal flow..

However, as I mentioned in my original post, my immediate goal is to move out of our current townhouse into a larger single-family home that better suits my family’s needs (we have a baby and a big dog).

Hi Joe,Using a Home Equity Line of Credit (HELOC) on your primary residence can be a practical and low-cost way to fund flips, especially since the terms you mentioned include only a $200 yearly fee.

That is disaster waiting to be uncovered.

If not, they close on the property and look for the flip.They also mentioned the made part of the business a real estate brokerage for the better properties they come across and sell them via the MLS.

I'll echo what Zeke mentioned about interviewing multiple realtors / PM's / Contractors to make sure you can get a good idea of what the area is like, in addition to working with someone you're comfortable with. 

@Jeff Hines you should get started now and don’t wait.

Third, I was reading Small and Mighty (thanks Nathan Gesner) and found myself doing a "Wait a minute..." when he lays out that for B-ish SFHs he wants at least 6-7% rental income (after expenses), 3% appreciation, relative to the house price.

Building a duplex on a single-family lot can be a great way to generate additional rental income, especially in a market where multifamily properties are scarce.To evaluate whether this is a viable strategy, here are a few steps to consider:Zoning and Permits: Since you mentioned the property is zoned R-2, make sure to check the local regulations regarding building a duplex.

I also want you to get into the mindset of direct calling opposed to waiting to people to respond to your campaign.