I would not recommend relying on a HELOC as emergency funds for everyone.

In Phoenix, I rely on Pat Aboukhalen whereas in San Antonio, Dominque Leal has been a great resource.What’s your gut leaning toward?

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.

The information contained in this post is not to be relied upon.

Hoping" for me was never a strategy as the future is unpredictable.I hoped my $480,000 condo in Chicago would appreciate and it didn't move since 2018.My tenant a crypto exec has been paying me $3,000 in rent on the 28th of each month like clockwork for 5 years now.No capex, no issues at all and that has been a breeze.3% ROI isn't sexy enough to me tho 🤷‍♂️I'd probably be cheering right now if it moved up in value but it's been a dead deal in my eyes.But it is what it is.The numbers in a deal TODAY per se don't rely on hope and are a more predictable outcome.Granted, the numbers need to be "worked" and a more "hands on" approach is needed in such markets.Thanks Hi Engelo, you have been doing this for a long time and I know you have the skills and tenacity to manage high-cash-flow properties, but you have to admit, you are working hard for your cash flow, this is not passive at all.

The information contained in this post is not to be relied upon.

Including checking references or knowing people who have dealt with the candidate in the past.Second, I rely on my gut whether I need TO DO MORE PROBING AND QUESTIONING.

Are there specific metrics or tools you rely on?

Even the STR guru here on BP "Short term rental, long term wealth" - they all but rely on self-managing.