You can either write checks or make ACH transfers directly from the HELOC if your lender supports that, or transfer money to your checking account as needed to satisfy your cash draw needs.When I had my house, the 1st and the HELOC were both with the same bank as my checking account.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

In your second scenario you would eliminate all capital gain and depreciation recapture with the step up in basis.there is no statutory holding period that qualifies you to convert the properties. 

Partnering with others can spread the financial risk, while seller financing may eliminate traditional down payments.

It can be difficult and time consuming to find every possible entry point but Section 8 is going to tell you that it's your responsibility to eliminate entry points. 

Yes, having tenants pay ACH via a Tenant Portal software is best, but not all will cooperate and some will play games that result in NSF charges.We allow tenants to deposit cash/check/money order directly at our bank into our account.Many Class C & D tenants have challenges adapting to unfamiliar ways to pay and is often not worth the hassle (and possible evictions) to get them to change:(

Yes, this brokerage would eliminate buyer-broker commissions, which are under threat, anyway.

Spread your risk around because even your best due diligence won't eliminate all risks.

A solid pre-screening of the contractor upfront that spells out the expectations should somewhat reduce or eliminate the question of one side bailing out on the other.