We are starting to get $1,200/month there.

I like the idea of using a HELOC for value add projects where you can refi in 12 months to pay back your HELOC.

The seller is highly motivated to sell and has already knocked their price down 6% since listing it 4 months ago.

We host a free real estate meetup the first saturday of every month if you are interested in coming and meet some awesome real estate investors who are looking to do their first deal to savy seasoned investors.

So your debt is currently $3000 per month and your property earns you $1000 per month? 

Both homes are now rented on two-year leases at $2,175/month.

There is so much free content out there that can teach you about guest services, software, vendor management, and so on. 

In my area 100 sq ft is about $600/month. 

I also have 401k with 4,500 which I estimate will be 7,000 by the end of the year.Fund 1: 24kFund 2: 180k401k: 7k Right now, I am a renter that pays 900 per month, with a stay at home wife with a child on the way.

But you have to understand you may get monthly cash in your pocket, but you'll have more problems and little appreciation.