Even if you get a great deal that is 20% below market, appraisers will typically be anchored by the last sale price and you may be stuck not being able to pull out as much cash as you need to pay off the HELOC.

Most landlords wait until the tenant stops paying rent before learning how to deal with it, and they are always behind the curve.

She's the real deal. 

This can be a big roadblock if you need funds sooner to secure deals.2.Fees and CommissionsA large part of your early premiums may go toward commissions and policy fees.

How I would go about it is bring a deal to someone ( a friend or colleague) that I knew had money, offer them the terms I have in mind and continue until I find one.

If you're willing to do some work in finding tenants, you can get a better deal on the property.

you can still find good deals more west of the freeway in SLC or off market in SLC or south salt lake but they are harder to come by

I would more trust a mentor who was part-time, spending maybe 10% of their time mentoring and the other 90% doing deals.

To only invest $5k into the deal with those returns is fantastic. 

With on market deals like this, there are two scenarios: 1) you see something that no one else sees OR 2) everyone else sees something you don't