And yes, you should be able to use the HELOC for the renovation.I was thinking this route also but than I would have to go for an extremely low priced property for the heloc to fund the whole thing.

I can tell you from experience that you can only taking flipping so far before it becomes extremely difficult to scale. 

You need to perform extreme due diligence before investing in Rent Stabilized properties in Brooklyn, NY ( NYC & NYS).

I have yet to see anyone actually do 50 a month..  5 to 10 sure.. and maybe REI nation gets close to that but they have like 50 employees and are extremely well capitalized and are in many markets. 650 flips in 10 years is 65 a year and that I can believe so your sending out mix messages  Just sayin. 

Thanks for all this extremely useful information.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

You can still learn investingTeam up with someone that does have money and become their assistantIf you have a lot of money and no time, either look into syndications or find someone who buys properties for people who have no time, like us.If you want to do Subject ToHave about $30,000 available liquid cashIt is Not “no money down”Borrowing from others to cover the costs for doing Subject To has serious legal consequences and is extremely risky for you, your 2nd position lender and for the sellerIt is easy to do the contract (Transaction) for Subject To, but it is very hard to do the next few years correctly.

Let me add, despite the criticism here, his books are extremely well reviewed, the one I bought had been 4.8 out of 5 stars on Amazon at the time.

STR's could be extremely attractive as well.

An extremely stupid joke perhaps.