My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.  

I think high risk dogs might not be worth it Maybe lower risk pets could provide a pet fee and give me a bigger tenant pool without such a high risk.Thanks for the advice!!

Could the prices be lower than the MLS?

Once we lowered the price to $1 less than everyone in town we filled right up.

Would you rather maintain a higher price for 4-8 weeks and look for a premium or would you rent it quicker with a lower price? 

Using a HELOC can provide you with the necessary capital at a lower interest rate to fund your next projects without leaning too heavily on hard money lenders, which can eat into your profits.Here are a some actors that you would want to consider:1.

This also leaves me with $3,750 stuck in the deal (not including financing and closing costs, which could easily add another $20,000).In total, if I had to include closing costs and financing costs, I’d have about $23,000 (if not more) tied up in the deal and lose close to $700/month before accounting for expenses.

But if you're comfortable with rougher areas, then you can definitely find properties at lower prices.

Why sell for 90% of the value after closing costs, minus taxes.

Since I have a fixed-rate mortgage, I understand this wouldn’t lower my monthly payment but would shorten the loan term by reducing the principal faster.