However, the state of the Orlando market is extremely tenuous in my opinion. 

Any insight would be extremely helpful. 

Hey @Engelo Rumora, It definitely is a very unfortunate situation for many and hopefully you can spring back from this, but the likelihood of you getting your money back is extremely slim, if at all.

Also extremely nervous. 

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.