So it’s not a house you’d should hold with your own money.

You need to make progress so your holding costs don’t eat you up, but so many of the “good” people are busy.

For instance, my PlayStation was stolen, and because my cleaner didn’t catch it in time, we couldn’t identify which guest to hold accountable.

We are in Los Angeles, and although we do not own anything in SD, we hold a loan on a portfolio of SFR's there that is not performing at the moment.

Also beware, suncoast will hold you for 2 years while they suck the life out of you.

The down fall is a Heloc can "Never" be used as an asset or for PITI reserves required when buying a new Primary or investment property.A heloc can also cause major issues with credit and one slight hiccup or missed payment the bank or lender who is holding the Heloc can close or reduce your line of credit.

Account for all costs, including closing fees, holding costs, and repairs.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I've been buying SFH's out of state all cash as long term hold rentals.  

However, if you start holding properties in an LLC, you don’t want to flip properties in the same LLC.