With your renovation background, you're well-positioned to excel in house flipping.

They have a podcast, a mentorship program , and a website with (paid) investor reviews in less than a month.

People like to use HELOCS especially now, if they have a very low interest rate first position mortgage, in order to tap into that equity without losing the low interest.

If you're already in a secure financial position, leveraging your equity could be a smart strategy.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Does anyone have experience of setting up a STR while in the same position? 

There are only 3 reviews on their website which are all extremely generic and I think aren't real.  

Law websites like nolo and others have said if the tenant in NJ has made partial payments then you have to give them 30-day notice before you begin the eviction process.

Check out the state of Illinois website. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.