You have to really understand your funnel and market segment as well as execute extremely well for this to work.

understand the 50% rule

The other thing one needs to understand is the laws in the state about this acitivty of talking to Owner Occ's in foreclosure some states you need to be a licensed Foreclosure agent.

I'm an out of state investor looking to understand and learn the Pittsburgh market.

I understand you don't need a lot of space, but you are paying someone else's mortgage.I would start with a fixer-upper investment, up to four units.

I understand Vermont has slightly more stringent regulations to contend with but it would also be closer for us geographically and thus potentially easier to manage.

Given this was our first time purchasing an investment property, working with a partner on a cash deal, and understanding how to get FSBO deal completed, we had to learn a ton and ran into multiple challenges.

Only extended exposure to your preferred market allows you to have this clarity and understanding about a property’s long term potential.

Market, Budget, and time commitment are important to understand before you commit. 

There are alot of risks using your heloc and you need to understand how you will make the monthly payments for the heloc AND how you plan to pay off the principle of the heloc.