A wise investor will not try to get rich quick with shortcuts.

Philly can be a good market to get into because of the low barrier to entry price wise - but you can fall hard if you buy wrong...

This part, "get approved for a line of credit from several banks in order to invest in a rehab" is not a wise strategy at all.

While you can take a w2 salary from the Corp, it is not the initial goal as converting passive income to active income is usually not tax wise.

I am a newbie and was wondering how wise is it to self-manage a 1-bedroom condo in a decent neighborhood?

Would it be wise to use a Heloc for a down payment on my first investment property?

Also would like to make humble successful entrepreneurial friends who are ministry minded or just wise and not self indulgent.Sure would enjoy learning more about finding an affordable management company and exit strategies.  721 or RE funding collectives dont interest me.  

On Bigger pockets we cant self promote ourselves (its against the rules)To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

i'd try to get to the bottom of why he DOESN'T want to seller finance. if it would be more optimal tax-wise, if he'd make more money on the sale overall, if he wouldn't have to handle a large lump sum, if he'd be getting true 'mailbox money' that his children would then get... what is he concerned about?

With agents that are in the military referral network, I would claim it's almost more efficient (time wise) to do that rather than holding a license in both states, especially with how far Texas is from Nevada.