Fortunately, I had recently started a new job in an essential field, which provided a minimum wage income.

One of the main drivers of this dilemma is the low 1bd/1ba garage conversion and $30k seems like a large cost for one element of a 350 sq ft conversion. 

Crunching the numbers and having a clear strategy is essential for a real estate investment.

Hi Sunny, Regarding Upside Investments and Nader Shariff's team, it's essential to conduct thorough due diligence before partnering with any company.

Since you are essentially buying the property 100% financing between your HELOC and financing, make sure you can afford it as if the property goes south, or you have to short sale it, make sure you are in a financial position to be able to still afford those payments on the LOC. 99% sure you will not find a cash flowing property using traditional financing and the HELOC.

It is a townhome community where the units are essentially duplex-style.

Patience, continuity in studying and persistence are essential in real estate investments.Good luck!

Also that I do have $ saved, but would essentially all have to be used in down payments & closing cost. 

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In Alabama the law requires associations have these documents "readily available," and in 2024 that essentially means online.