Your criteria look good for finding properties with solid equity and motivated sellers.

Income persistence requires that your tenants remain employed at similar wages.

If the family member passes away, the property would remain in your name unless other arrangements are made.Given the complexity of this situation and the impending closing date, it's crucial to seek professional tax and legal advice as soon as possible.

Market OverviewThe Los Angeles retail market showed signs of stability in Q1 2024, with asking rents holding steady at $34.21 per square foot and vacancy rates remaining unchanged at 8.1%.

None of them were motivated sellers at all.

Add charges for rent for the remaining months, estimated utilities, estimated cleaning and repairs and cost to re-rent (in our case: cost to PM is 1/2 a month's rent).

From my experience, using lithium batteries will save you time and money while ensuring your Real Estate property remains secure.

Even if it remains steady at $6,000 per month, you will earn over $2 million in 28 years.

Look for distressed properties and motivated sellers.ProbateDivorceBehind in property taxesIn Preforeclosurevacant propertiesCode enforcement issue propertiesetc

It's not likely your friend was saying that you would get another HELOC to go in 2nd position (banks don't like to do a HELOC behind another HELOC).My guess is he's saying you get another HELOC with a larger available balance, and use that HELOC to payoff whatever is remaining on your existing HELOC.