Tons of reading, lot's of books (my current fave is Long Distance Real Estate Investing by David Greene, SO inspiring and information--dense!)

Since the "bonus" commercial cashflow from this value-adding is mostly profit, the ROI should be stratospheric, which also opens the door to refinancing and walking away with a fast fat check at the loan's close.The demand for this type of moderate housing stems from the fact that the county is going to be growing by at least 10,000 residents per year for the next 20 years (I think more), they'll all need a place to live and the established county policy is to channel much of this growth into the urban western county.

There are events and market manipulations that cause the market to lose confidence and corporations and fat cats to stop investing.The Fed raised the prime eight times in two years to dump a glacier on a red hot economy.

Those are my faves.

The ones I stay away are fat talkative ones.

TenantAlert gave our best tenant a big fat red circle, recommending not to rent to them.

My point is, I love the title of the book because I didn't give a F*** at the time of purchasing.

Theoretically, they will get a nice fat check when all is said and done.So what you're dealing with when you look at a property in a flood zone is a lot of uncertainty.

There are many other things to consider when doing a HELOC vs cash out refi as you will not be getting a fat check deposited into your account tax free. 

There's no fat to trim.