These properties tend to be management intensive which is the trade off for the better returns.

@Victoria N HoffmanIf it's trade specific, I go to the local plumbing supply / electrical supply etc...

I use the last stock market trading day of each month as my closing date.  

I am thinking of using the HELOC (interest only)  to renovate the unit and letting the guy stay in the mean time and trade his labor for rent (Bad idea?

Hey there Ryan,I am a construction trades teacher and I also do rehab, flips and remodels in my off time. 

Once you are ready to retire, trade that $500k of equity plus the equity you are building at $14k a month for high cashflowing assets for the monthly cashflow. 

This ultimately comes from the short term Bond Market where they were trading bonds on a hour by hour basis and it was easier to calculate not including leap years, and months that have more of less than 30 days so they just standardized 30 days a month times 12.

That being said, If you are looking strictly for referrals I'd look into the online brokerages that have just simply great commission splits and not much else to offer, I believe one is home smart, exp is another I believe but you'll have to research. the trade off is that there will not be much guidance nor business funneled to you.

If you need electrical and/or plumbing, then the individual trades pull their permit off of your permit. 

Account ClosedYou seem to be in the trade or business of flipping houses.