These are also the banks that are more commonly relationship lenders and will allow your originations to out pace your balance sheet if you are consistently able to execute on the projects they fund for you.

@Tamika Davis To your point, it is difficult to find one app that does it all.

We own and manage two and one is particularly difficult during the shoulder (slow) seasons.

You then draw your HELOC balance as the down payment for the flip.  

Wholesale, foreclosure, and seller financing can work too, but I’ve noticed that careful analysis and having reliable local contacts often deliver the best results over time.So as you two gear up for your first flip, how are you balancing the potential risk with your long-term goal of buying rentals?

It doesn’t have good parking either so it would be difficult to make it a short term rental.I think I’ll pass on it unless something changes.

That's unusual and it would be very difficult to find a passive investment like that.Also direct control means I know exactly what's going on.

Of course it is always a balance between rate and occupancy.I probably will never do it , but often dreamed at one time about buying a small hotel. 

It also allows gives you greater flexibility.Plus, once you flip the home and make a few dollars, you should be able to pay the HELOC to a zero balance as well as having extra funds to throw in your war chest.

There are Markets in the western states like Vegas or Reno that offer a balance of cashflow and equity returns.