I use the refinance money as seed money to BRRRR and the HELOC is on the back burner for mistakes and emergencies. 

If your goal is to acquire 100 units in the next 5 years, determine: how many deals that will takehow much seed money is neededhow many/which ppl to add to your networkwhat systems need to be put into placeOnce you get things rolling, you can break down what EXACTLY needs to be done from year to year, month to month, etc. 

With any luck at all you could come out with some seed money to do a bigger deal.Good luck!

I didn't think of newspapers...and perfect for older boomers who would likely want to carry...and For rent by owner sounds good too...nice...no magic beans, but sounds like at least seeds to start a garden....

Don't eat your seed.

Seriously, all the other red flags aside, if the tenant were to put in an above-ground poolyou would eventually have to re-sod (or at least re-seed) the footprint left in your lawn.

Is it an easier or tougher environment for regulations and locking down seed capital/investments?

The key is what is your risk level, I agree with your mentor that money pulled in a re finance has to be put back into more property, (otherwise you are eating your seed). 

Who cuts the grass and yesterday I just planted the grass seeds....

I brought it to her like this, what ever profit comes in shall be considered seed money for her daughter and myself future.