@Gil GanzCorruption, judges do what they want, long foreclosure timelines, borrower friendly and excessive costs.

I'd rather have the dry powder earning 2% in a money market acct ready for an opportunity than cap my ROI at 4.5%. 

The heloc gives you dry powder that doesn't cost you anything until you need it. 

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

The basements must be dry, foundations sound. 

The excess of tax deed purchase cost over the net realizable FMV of the land2.

Let dry.

We had to foreclose and evict, and we got the property back several months later, now excessively damaged. 

I checked Craigslist, Facebook groups, and came up dry.

Unfortunately, you're probably reading that MFH are dried up right now and it's true- you'd have to dig dig dig to find a motivated seller and use some more creative techniques to find the right property.