@Gary FloringWhy not simply use that $1000/mth to prepay the principal on the mortgage, rather than use a portion of it to service additional interest on an LoC?

Additional resources I'd recommend are:- The millionaire real estate agent by Gary Keller- David Greene's books from the BP Bookstore- The E-Myth by Michael Gerber*** These are not resources related to the course but are helpful for anyone looking to get into the business

A great book to get you started is The Multifamily Real Estate Investor by Gary Keller.

Quote from @Gary Swank: Hi Elwin, first off let me say that I give you a lot of credit for investing again. 

One of my clients needs to sell her home in Gary, IN and I was just thinking if I should buy it myself.  

Definitely read The Millionaire Real Estate Investor by Gary Keller.

Kathy gary indianatown near birmingham alabamatoledo ohio

@Gary R UrenIf the property is zoned for only one home you most likely will not be able to do thisPossibly it could be 123 main st unit a vs b but that is a post office issue and good luck dealing with the post office on this issueI would talk to them and put to mailboxes in the front and see if they can separate it by A and B unit

Thank you, Gary.

These documents are the lifeline to your capital so as Jeff and @Chris Seveney have noted, don't skimp on the documents or the use of an Attorney to make use of the terms within those documents.I once heard Gary Keller of Keller Williams note that legal documents shouldn't be called 'agreements' but 'disagreements' because they only become valuable when there is a disagreement between 2 parties.