Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.

So while it's not as ideal as a multifamily property, it does present a solution for those that are in the personal situation where they can. 

HI, Is opening a LOC on my primary a good option to fund flips or is there a better solution to get the funding?

These cities often provide positive cash flow even with higher interest rates.Since you’re investing out of state, a turnkey solution might be worth considering.

@William Stewart If you were able to find a solution, I would love to know - I am in the same boat now.

I agree regarding turnkey solutions.

These loans allow buyers to finance both the purchase and the cost of repairs.Creative Real Estate Solutions: Sometimes, creative solutions like owner financing or lease options can attract buyers who might not be able to purchase outright but are interested in a property like yours.It's important to weigh the costs and benefits of each option.

I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.

What is the purpose of the two million low-interest loan to Seminar Solution LLC?

If the rents and upkeep are really as unreasonable as you claim there should be other cheaper and better solutions nearby.