I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

I will then use my current home I am moving out of as a rental property. 

Quote from @Jorge Abreu: When I first got into syndication, I started with a 37-unit property.

Cost efficiency while enhancing the design and functionality of the property What was the outcome?

HELOCs typically do not go above 75-80% of value and since the property was purchased recently they would not see that equity unless you did some major rehab to the property.

Lets say i have found a property that im interested in what do i need to get together to get an approval for a Hard Money Loan.Thx for future replies!

(would like the property to go to family)The building is worth nothing as it is a manufactured home that sits on a foundation.

Even if my flip breaks even (as I think it will) I still feel proud and better equipped for the next property. 

Why borrow against an investment property at a higher rate than you can against your primary?