Now, the house that is about to refinance, I am thinking of turning into a MTR for traveling nurses, or other professionals as such.

Before you think you're getting in for zero down, have you asked what kind of cash reserves you have to have to qualify for the loan such as X number of months rent, and X number of months taxes, and what about insurance are they going to require you to buy one years of insurance or something.

I am slowly going crazy with how expensive Massachusetts is and I am leaning towards looking at cheaper foreclosure properties.I understand there is some risk to this but I am beginning to think this is the only option I will have because of how fast the market is growing.Thank you for any insight you may have!

And here's a tip...When you think you are all done; stay in your new STR for 24-48 hours and keep a list of each thing that you were reaching for that wasn't there. 

That said, I don't think there are too many.

I had looked into Pricelabes a couple years ago and didn't think it worked well for my market, but sometimes think about retrying it because so many seem to rely on it.

Most professionals will recommend a separate LLC for every $1 million in assets, but I don't think that's necessary.

@Mario Morales - As some others have said I think the strategy is sound, but the key would be to find a distressed property that you can drive up the value with renovations so that the new value is 25% higher than the purchase price so you pay back your HELOC.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

If you think ahead, you can minimize recapture with the right tax planning.So what is recapture?