Quote from @Adam Dahmen: Quote from @Tonya English: Current VIP member for over a year and no closings.

You can use it as a downpayment on a property over $450k and use leverage tax free.

I pay down the HELOC each month and would end up paying about $2,200 in interest over 13 months + the $50k principal.

Events like this give the opportunity to meet and talk to investors from all over the country, doing different kind of investing, and with a varied amount of experience.

Don't spend time looking for something that doesn't exist.

I have been on New Western's deal list as well as another bigger local company and everytime I underwrite these deals there is very very minimal left on the bone let alone contingency funds for going over budget on the flip...

Spending on expensive upgrades is not the answer to improve your tenant base in this type of area.Keep the homes habitable, clean, and safe. 

I wont need to spend that money now.   

I am excited to get started investing in real estate in out of state Long Term Rentals.Outside of real estate, I enjoy spending time with my kids, as well as mountain biking and other outdoor adventure activities.Excited to learn and connect with you all!

From there it's up to you on selling. 8 years you should be not breaking even unless this place is in a rough area or needed a ton for repairs over the years.