Does it make sense to use your HELOC or borrow from your retirement funds to purchase a high risk property?

Just make sure you run your numbers well and that it make sense, not just because it "looks nice", be smart, investing is a marathon, not a sprint!

Most of what they recommend only makes sense from an operational standpoint if you are a larger investor and have a team to help you manage everything.Also, ensure your REI-savvy tax pro and your REI-savvy attorney link up during the entity structure creation process so things are optimal on all sides.Just something to keep in mind as you're beginning this journey.Answering your question, you'll want a checking account (minimum) per subsidiary entity and for your parent entity.

Once you get more than a few, then automation makes a more sense IMHO.Short list - Pricelabs for pricing.

He is open in his training about risks and teaching realities of real estate. he is not fluff in his comments nor critical feedback. he breaks the training down for newer investors so it makes sense and constantly is sharing what is required to help protect yourself 3) the community he has built =instant lead generation for people to work together to get deals closed!.

I do think the MTR/STR mix makes the most sense for Austin - MTR most of the year but switch to STR to maximize during the hottest travel months (spring for SXSW, fall for ACL/Formula One/UT Football)

You are getting a lot of advice because that's what you asked for, but the real issue is that you went into this knowing nothing, with no help, and not enough money to do the job so it makes sense you are thinking of quitting.

Cap rates are at 5-6% on a stabilized SFR with a long term rental strategy.Only strategy I am seeing pencil right now are with a rent by the room / co-living strategy .Flips in some areas kind of make sense where you're all in for around 80% and can make a spread.I'd suggest evaulating different strategies or markets, else you may burn yourself out - this is learned from experience :)Shoot me a pm if you'd like to chat - I'd be happy to chat and help save you some time.

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.

I am a big advocate of home ownership, but in the situation you are describing (not knowing how soon you would leave), it might not make the most sense to buy a condo with restrictions or potential assessments in the future.