Quote from @Tangie Pate: Has anyone purchased the Lee Arnold System and used his pre-trained virtual assistants? 

His credit score is fine but his income is showing too low to get the loan, so I though maybe I could use my HELOC to make the purchase and do a Lease to Own.

Our primary objective as coaches is to help clients ask the right questions, develop the right criteria, and identify potential red flags. 

You purchased the home as your primary.

Purchase price: $785,000 Cash invested: $156,000 Short term vacation rental in Panama City Beach.

We are seeing much longer wait times on purchases to be cleared for disbursing funds than refinances.

Quote from @Jacob Campbell: Hello - After listening to the podcast, I've made a commitment to purchase a rental property by the end of Q2 this year (ideally by the end of Q1).

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out. 

My plan is to set up a syndication fund with Canadian (and U.S) investors to purchase short-term rental properties in the Puerto Vallarta and Rivera Nayarit area (which is booming).