I thought of selling back to the seller at the same price, and take the 12kish loss on repairs  I doubt they will take it back.. check your note to make sure you dont have personal guranteesNoted, thanks Jay!

___May want to check with your seller than!

I like the idea of pre-foreclosure especially, but have not found up to date data for that specifically.

A nice portfolio is 10-40 properties, and yes you should drive by your own assets to check for broken windows.

For networking, check out local BiggerPockets meetups or real estate investor groups in Orange County.

@Chris Seveney - Where do you get your data on US treasury demand - per your "very weak demand" comment? 

Check with your local credit union: best rates and local decisions.You would get more with a cash out refi than HELOC.Mike

- Can't tell you how many tenant background checks show they are buying lemon cars with 25% "we finance anyone" car loans that are designed to fail. - All they've got to learn is to save some of their income to pay their bills on time and they could then afford to buy a home.Instead, they spend every penny they make on things they don't really need and then blame everyone else.Take a look at a Class C or D tenant's bank statement to see the frivolous things they spend their money on and you'll better understand our society's biggest problem.

One of my listings, www.cameronranchglamping.com I list them on my direct booking website so can guests can add them as they check out and on Airbnb for exmaple, I just out it in my listing description and send them an auto message once they book if they want to add on anything.

@Edward Heath you'll want to check the requirements for the $12.5k loan.