Pick an area that is within a 2 hour drive or a 3 hour nonstop plane flight.Get in that market and really learn it neighborhood by neighborhood block by block.Local market knowledge is every investor’s competitive advantage.I do MF deals in Greenville SC where I live and already own 400 doors.

It bitcoin IS block chain innovation. 

I invest in Detroit as well, and it's a city full of opportunities if you take the time to understand it.A couple of quick tips: Get familiar with the neighborhoods—Detroit is very block-by-block, and the difference in property conditions or tenant quality can be drastic just a few streets apart.

You can get a block shot of the neighborhood as well which shows you what the other houses are worth.No, you aren't an appraiser.

There wouldn’t be “a problem with the drain pan” unless the washer was overflowing.

I also liked the fact that it was structurally sound with concrete block construction, a tile roof, and high elevation.

I bought the wrong printer first $400 down the drain.  

In PA, and this property is 3 blocks from N.Broad Street

There is a cinder block structure on it now that is basically a 1BR, 1BA shell with plumbing fixtures, but no kitchen.

If you are going to be active, and have high conviction in a project with a clearly defined entry/exit strategy then using a HELOC is one of the better sources of capital.But, I continue to have my stance that, on average, folks who use a HELOC to fund the down payment for long-term investments will eventually find themselves in a situation where their portfolios drain their personal financial situations, rather than fueling them.