If you find an actual property that looks like a homerun and would warrant a HELOC, then you can go for it without reservation.

Those that are actually good, get called upon/mailed/emailed an obscene amount by other investors.

Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?

Ken, Actually both myself and my father-in-law have properties in Florida. 

Lol that's actually kind of funny - but as others have said, that is nothing more than the cost of doing business. 

Out of state investing gives you all of the headaches of local investing plus the costs of plane tickets and travel time.Also, never trust people, especially as a rookie.

Is it imperative that I actually go see the property before I close on it?

Until we can actually close probably would be early next week earliest. 

Or is that actual so you have the ability to add more to the bottom line? 

Best, Alli McGee Actually it doesn't allow you to open your projects.