If it's worth that much, taking a HELOC on it should not be an issue at all long-term or short-term as long as the bank will do it.

Not sure how long you held the land, but there are some instances that the land can be used as a down payment. 

I also want to hear from those of you who have transitioned out of a full time job by doing out of state investments/creative finance - how long did it take you to transition out?

Focus on areas with sustainable taxes and long-term rental demand, targeting groups like college students, young professionals, or travel nurses.

Prepayment penalties- usually 1-5 year terms.

LoL So really trying to learn what I can, gain some capital, and see what my options could be for the year.I'd like turnkey and long term renters in place, as that seems like a good way to get started as a rookie. 

I'm needing to redo some foundation work and stucco on a garage conversion ADU in Long Beach.

My ultimate goal would be to buy fixer-uppers to turn into long-term rentals.

Of course, if we have another available unit that's similar to the one they were looking at, I'll pivot to that and offer to move their current application over to that unit as long as they would still qualify under whatever the new unit's rent is. 

Hi All,Long time lurker here.