Just buying a home, rehabbing it, and selling it isn't as straightforward as it seems.

Now purchasing a home with cash is always good b/c obviously cash is king but also I think the part you might've missed is that, the money your utilizing on these home's won't actually be yours, but the banks or whatever institution you used to fix the home or make its value worth more.

I talked to my lender contact and, as Kerry mentioned above, it's pretty uncommon that a traditional lender would offer a HELOC product on an investment property (non-primary home). 

Try to stay close to the median home price for that city. 

But I agree, everyone should take out a HELOC on their own home, for investing!

It could be that the property wasn't built yet and it was a land purchase then the buyer bult the home. $5,000 is still pretty cheap for land though unless the land was bought long ago.

Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or so high)- Last Sold: 8/2021 for $281K- Roughly 1400 sqft- Some cosmetic work needed- $25K left on solar loan- The home was build in 2004 and it looks like it has the original AC unit, so I am assuming that needs to be replaced too. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.

It's a 4 bedroom SFH for $325k, built in 1990 and it's got many upgrades including a 2024 roof.

Single family homes are exempt from rent control when privately owned.  

In property management, you're responsible for overseeing properties that may either represent investment assets or hold significant emotional value to their owners, such as a childhood home.