I searched other threads on BP about this, and the explanations were about a 400k home, for example, that works out to a modest amount per hour.

One in year 2, and another in year 5...I was unsure of what to do so I created this offer Who did you have check your underwriting?

Your question was answered but I am curious - Why would you take out a HELOC for a six month cd? 

I was studying the market and my rent will be just enough to cover the mortgage and HOA fee now I might to pay out of pocket for insurance but don't want to sell it yet because the area is growing and might have good appreciation in the years that follow.

Make sure you do your research as well. 

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.

However, can you provide more information/details regarding your first townhome deal in Gainesville, especially the numbers?

And indeed they do this all the time.I would get your own accountant's temperature on this first.   

This is something that I have always wanted to do but finally decided to make the career switch and go for it.

And we have an ownership in all of the communities we operate, so that is incorrect information.