You can 100% create simple systems with free technologies and run your unit efficiently. 

Remember, not all off-plan deals are created equal, and the right approach takes experience, research, and the ability to think long-term.

Last year we created a masterclass for helping ordinary people become the Local Developer in their community so that you can be empowered to do your own deals.

If everything goes right I will be able to refinance and will have created 25% equity, or I may end up having to bring $10-20k to the refinance to get the 75% LTV depending on the appraisal, but even if that's the case it's still a great deal.

My wife and I are creating our 1st buy box but it's not ready yet.

I think that losing the HELOC should create a little better cash flow but at the very least it will put some stability into my debt service. 

Alternatively, consider a cash-out refinance to access equity without triggering capital gains or explore a 1031 exchange to defer taxes by purchasing another investment property.This post does not create a CPA-Client relationship.

I believe there’s opportunity in every corner of this business, and I want to make the most of it.Also figured I would reach out to likeminded people, the only family I have is the one I am creating I have my in-laws support as well so that is a help.

Suburban office does seem to hold some demand, but not all suburbs are created equal.  

Some CPAs will tell you to create a new LLC for every property because that means more business for them. :) Having more than ten bank accounts is excessive, in my opinion.