The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.  

With some additions, this would qualify for the OMG category, but I think they didn't have that category back then when it was on the market.

In addition cash flow is taxed annually.  

That said, it’s been a great market for me—strong cash flow, significant appreciation, and plenty of opportunity for investors who take the time to understand the market’s nuances.If you decide to explore Detroit further, feel free to reach out—I’m always happy to share insights and what I’ve learned along the way.Good luck on your investing journey!

We are willing to provide additional documentation to support our request and discuss any potential steps to ensure a smooth and fair process for all parties involved.Thank you for your attention to this matter.

Feel free to share updates or ask additional questions.

My immediate goal is to acquire our first property and spend the next two years mastering the basics of real estate investment. ( Refining the Go and No property search criteria/ Learning the value of taxes and avoiding them as much as possible/ 1031 exchanges) Depending on my wife’s career orders, we may remain in Baltimore for 1-2 years, but I’m also exploring opportunities in West Texas, Sierra Vista, AZ, and Houston, TX.

These are professionals with additional training and a stricter code of ethics.

Hey Tim, If you are not using Hospitable yet that would be my first addition.

Additionally, the presence of POHs vs TOHs introduces further operational complexities and elevates overall costs due to increased maintenance and management responsibilities.However, without detailed information regarding the specific septic system configuration (gravity, pressure distribution, mound, cluster, etc.) as well as the system's age, historical performance, and required maintenance frequency, it is challenging to derive a precise expense ratio.