I have listened to plenty of podcasts and ready a number of books, but only a few mention purchasing yours first rental with a HELOC.

That's about what mine cost to set a living trust with the documents you mentioned.

You mentioned W-2 income as part of a way to save on taxes. 

Not to mention how these properties don't appreciate the same as a regular home. what are your thoughts? 

Hi @Joshua Manier,**I'm not affiliated with any of the companies mentioned**Your strong financial profile and low LTV puts you in a great position!

To expand a little on what is mentioned the underwriter's guideline, a DIL does not extinguish subsequent liens, so if the borrower has judgments against him/her/it that attach to the property, the DIL grantee takes title subject to them and may have difficulty getting them released later without payment. 

Also, newer wholesalers only see about half of their contracts get dispo'd and closed (sometimes less) because of the reason just mentioned or a lack of Buyers to dispo to. 

I don't know that @Dave Foster earlier mention worked...I'll let him chime in as the expert, but you can 1031 for less it just results in 'boot' which is taxable.

Funny you should mention that.

If this is the case, would the original seller financing have to mention that the buyer (me) can re-sell the property at any time?