Hey @Andy Schwaderer, I'd like to throw my hat in the ring as well.

Our first hard money loans were for 13 and 3 and hat was because we were complete newbies.

But it got me to thinkin' with my cyber security hat on.....How does one properly identify out of state owners.

Although, most of my investing would be through an LLC where I can have access to my profits upon the drop of a hat.

Ken seems knowledgeable, but I guess 'minimally priced training'  and 'comprehensive training from one source' usually is an oxymoron.I will throw my hat in the ring for @Brian Gibbons. 

(probably become a better agent scout as well if I decide to drop that hat).In colorado this is a bit harder than most other states, but is certainly as easy as getting a GED.  

Does a HELOC work in that , each time I payoff the balance owed in full ( during the 5 year " Minimum Payment " stage , that it recalculates and gives me another New HELOC that I'll be starting out with , or do I keep my Current HELOC as it stands with it's current terms, and JUST MAKE SURE hat by the 5 year period, I pay off the HELOC in it's Entirety ..... to avoid paying the High Monthly Payments that will occur after the 5 years time is up ?

Welcome Christopher Muench I have to be honest the first thing I thought of when you wrote that you were going to be uber was hats perfect for him driving for dollars.

I then divide by 12 to get a monthly estimate.A lot of times, when you purchase your investment, you will get a detailed inspection which will give you things like what will be replaced when and for how much, etc.If you go through it, maybe add some of the things you believe should be put into it, then it will be easy for you to arrive at an accurate number.I tend to over estimate the CapEx over the 10 year period so I can save a little more money just in case there is a surprise, which comes up now and then such as a foundation leak.Using 10% of rent roll will cause the NOI of a potential good investment, in most cases, cause you to over look it.While my method is more labor intensive, it is FAR more accurate that just arbitrarily picking a number out of a hat using it without any thought as to it's accuracy.But that's my opinion as a RE Investor in an expensive rental market like Brooklyn over 2 decades.

Thank you all for the great advice I learned pretty quick hat there nice guy always gets token advantage of.