Hey BP fam, Have a single family home I got under contract and planned on wholesaling.

Also are you planning to hold the lot?

I'm planning on buying a LTR at the moment, likely small multifamily. markets are hard too.

@Jacob AndersonI've only used my HELOC for investing when I have a quick exit plan.

If a landlord plans to hold the property for a while, we always recommend an annual lease, ending to align with the summer leading lesson, or staggered with their other leases depending on the situation.  

One of them has a clear path to return a profit and is executing that plan well. 

For down payment, plan to need 30-40%.

These are all things I am trying to plan for. 

If you are accredited, the best thing to do would be to invest 50k into a syndication and soak up all the knowledge of how it works from an experienced operator before you make the decision whether it's your plan.

For the BRRRR process I plan on using a hard money lender for the rehab process for the SFH's but what I'm not sure of is, should I purchase a duplex and rent one unit out and live in the other or should I just rent for now, not purchase a duplex and just purchase a SFH with cash and start BRRRR'n immediately?