If I used the HELOC only, I would back my price down to around 25-30K, leaving some breathing room.  

When you want to succeed as bad as you want to breath then you will be successful! 

With that being said, take a deep breath, carry on, just learn as much as you can about the process, and put together a great team of professionals that will look out for you 😊  👌

This states the home has been approved and available to be a rental.And some of these must be applied for every time a tenant moves.So check your state laws.There are Landlord Tenant Laws, Building Codes, and laws that are not laws at all but based on a Judge’s opinion of whether or not a tenant did wrong or not.For instance, normal wear and tear.Judges have various opinions on what they deem normal wear and tear.This is an Industry of thinking skills.This is an industry of holding your temper and implementing your lease agreement no matter what.You need to think like a Judge.You need to think reasonably.You need to be a good listener.You need to be in control.Once you buy a house you need to know how to keep that house and how to keep your tenants long term.You need to know how to be all things in order to keep your tenants happy, yet make them know the rules of landlording and how to be good tenants.I always say that one is only as good as the tools they have.You could be the greatest landlord in the world in mind and action, but if you don’t have the equipment, or the education, or the money to invest in the proper tools to make you successful, then you will never make it in this business.It takes my breath away to read the stuff on here by new investors.And I understand that how can they know what they do not know?

I've been researching, going to meeting, living/breathing real estate for the last year, and I've been looking for my first investment.

Now I'm looking to find a 100 plus doors to take to the studs, and breath some new life into yet another classic property!!!

The other listing similarly shows a nice, recently constructed home from the outside that needs to be completely gutted to the rafters to remediate the extreme mold on the inside (bring your breathing mask!).

Although yes it is not simple and like any tax saving strategies you need a prudent accountant and tax adviser, I would never recommend someone try that on their own.In the same breath to contribute to the conversation about mortgage insurance premiums, I leave it to circumstance.

From the manufacturer these typically come with the pink insulation and then either a plastic or mesh "underbelly" to keep out rodents and serve as a barrier.In the south we don't like breathing between the underbelly and subfloor due to heat rising and to support ventilation, but in the north they have a mesh to allow for the opposite.  

Will I ever stop seeking, living and breathing real estate?