I would say for most people, the 1st position heloc is no a good bet, especially if you have a 1st mortgage rate of less than 5%.Using this strategy with a 2nd position heloc can be just as powerful, so you can have your cake and eat it too!

Look at their marketing strategy.

., and you should find some local investors with whom you can connect and learn their investment strategies. 

If you're looking for the cheapest route, conventional may be a better bet.

I am planning to self manage as well and since there aren't many managers in my area I will likely employ a similar strategy once I decide to outsource the management.

Looking for mostly BRRRR strategy property.

Hey Jack, There are two types of loans investors use in their BRRRR strategy. 1.

Have you executed these strategies somewhere else already?

Just depends on your strategy but my best advice is to take a drive through those areas.

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.