If my goal were to build wealth, I would be focusing on how to build up my reserves to cover emergencies - friends, family, personal loan, HELOC, etc. 

After looking into the zoning I learned that area will allow me to build up to 6 floors, so I'm thinking while I have this golden opportunity I should go for it all and build a 6 story apartment building, putting me at 24 doors to rent out.

Should I wait a couple years to build up a nest egg to invest with?

So for example the property ARV is $130k now but when purchased the loan was for $100k they owe $40k have $70k in equity right so doing the math of what the ARV is now at $130k times 70% gives u $91k with $20k in repairs so that’s 91-20= $71k - my fee of $10k = $61k so would I only offer $61k and if so what happens 2 the $70k of equity that had build up from the mortgage?

We won't see that in our lifetimes again (on one hand too bad, it was a great opportunity..)When the housing market finally achieves an equillibrium (either by limiting demand by price or more supply or both) it will slow down, inventory will build up, we will see an average of 180 days on market (now 20 days).

You will also learn management and maintenance or at least build up a reliable source of folks to trust for those endeavors.

BRRRR is an great way to get started in REI, and build up a portfolio quickly, but it leaves you with large mortgage payments each month.

I am interested in wholesaling real estate to get me started in the real estate investing world and to build up some capital for other real estate investments.

I am interested in wholesaling real estate to get me started in the real estate investing world and to build up some capital for other real estate investments.

I think worst case if Heloc doesn't provide enough equity i'll still be a position income wise to quickly build up an investment down payment through income.