The way to effectively use a HELOC - IMO -  is to use it as a revolving credit to cover rehab costs, then pay it back when you refi the property.

They are both collateralized loans with revolving payments. 

@Mitch Coluzzi   is it mandatory to sit through class's .... my states OR CA MS you could do it on line.And if your already a broker like I am you only have to take the state portion.. which in Mississippi was 15 questions.... and they hand grade it there right at the counter I got 13 of 15 in 5 minutes I was  a MS broker... the study material was like studying for a drivers license  they just handed you this little booklet....

I'm in will it be over web cam or just chat?

The first is to get a sewer cam inspection and the second would be to get a termite inspection. 

It will depend on many factors, and they mostly revolve around you.1. 

The concerns I have with either strategy mainly revolve around the challenges faced when moving to a new city sight unseen.

Property 2Purchase Price: $42,500As is appraised value: $48,000Down payment: $1700  *Bank will loan 85% of the appraised value*20 year loan @ 5.1% interest & bimonthly paymentsAll in cost after reno (including closing costs): $60,000Monthly Rent: $650-$750 and hope to have occupied prior to Nov. 1st.Reno budget was set up on a revolving line of credit for $15,400 with interest only payments for the first year.

How do you decide that neighborhood b is a better place to focus on that neighborhood a or c? Am

If you’re going to develop a business that revolves around you, you’re going to have to start with asking a different question.