It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.

@John Kelly You’re right that transferring your homesteaded property to an LLC can often disqualify you from the homestead and veteran tax exemptions because these typically apply only to individuals, not LLCs.

Typically, crime is going to be present in a lot of the areas where #'s make sense, but the key is making sure the house you are buying does not have obvious crime ridden houses in the immediate area.

Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

Hello @Isuf Aruci What you are describing is a what we, in the AEC/Construction industry, typically refer as a feasibility report and/or property analysis.

What are the typical monthly net cash flows you are seeing in these scenarios?

Mowed the grass.  6 acres in the highway in the middle of town for $8,000 sold 1 year later for $200,000.  

Wholesalers typically do not carry Errors and Omissions (E/O) insurance, so even if the court rules in your favor, they might not have the financial means to compensate you.Furthermore, ensure that a reputable title company handles the transaction, as some companies may cut corners.

After 3 years of ownership, I typically see my buyers achieve 9-10% cash on cash return with an annual appreciation rate of 9-11% a year in those areas. 

I typically recommend that my investors start with more cosmetic flips that can be done in 3 weeks to 2 months to build the capital for bigger rehabs that have more equity.