Personally I try to reserve my HELOC for emergency or unexpected costs during a project, so if you can try not to use all of it for the initial purchase and planned rehab.

@Vito DiIennaWhile I have not had to get a Letter of No Objection myself, if I had to do it, I would go right the the DOB, go into the Office that you can get an official Cert of Occupancy and ask them what is the procedure to get the letter.Normally, you will need to provide evidence.

In particular I am seeking help for the following;1) "Provide an evacuation plan (shall include Site address, floor plan//site map, escape route(s), meeting placeoutside the home, emergency number 9-1-1).

It allowed him to keep the money he was willing to use for a down payment for emergencies, which made life as a homeowner less stressful.

The experience led me to study law/court procedures, and understand what lawyers actually do. 

@Chris CoreTo find cash-flowing properties for your first investment, focus on house hacking with an FHA loan, finding properties with rents that cover your mortgage payment, using real estate investment tools like BiggerPockets, and analyzing deals in emerging markets with strong cash flow potential.

Property managementSet aside emergency money for CAPEXEach unit has its own electric meter so the tenants will pay that on their own. 

This leads to the problems worsening, and I end up having to hire an emergency technician to handle the repairs.

They seem very similar in that they handle emergency and non-emergency maintenance calls and, critically, even dispatch contractors/service-people with minimal intervention from me.

If it means hiring local people, (I.e. cleaning, handyman, someone to act on your behalf in an emergency,) then where does that leave you if you’re only in it for a co-lister’s cut?