(long list of things to be concerned with here)What kind of tenants want to rent  where the property is, and how challenging are they to rent to?

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

My budget is in the $200-250K range.Please feel free to let me know if additional details would help, and thank you in advance for your time and advice! 

Curious why any tax pro would argue with that.If filing state tax returns did not take any time or money, then there is no harm in filing them.

What's the name of the fund?

HELOC are also highly reliable source since the interest rates are low.My tenants pay back the HELOC and TSP and now I have another cash flowing property.I think what you are thinking about is a great strategy

Welcome to BP, Rodney!

What made you interested in investing in this type of deal?

If you need a contact, feel free to send me a DM.

Did you look into renting to Section 8 tenants?