The interest rate is nice, if there was a way to increase the cash flow to ~15% or greater COC you could pull a HELOC on the property for 9% and collect the delta.again though, i would suggest selling it and trying to lock up a property or two with the proceeds that required some sweat equity, force appreciation through a reno, rent it out, refinance and repeat (BRRRR)

Then repeat once you work the HELOC down to zero? 

Those conditions don't exist any more, and the government has the right to regulate land use to try to prevent the current conditions from repeating. 

Repeat as desired.

As mentioned we Fund 100++ Deals Monthly and have thousands of Happy repeat borrowers.

if you're in St Pete frequently you'll need to turn some of those vacation trips into work trips - networking, building a team, and trying to find a distressed property.but the trick is then going to be moving quickly if either 1) a distressed property hits the MLS (unusual, but not unheard of) or 2) a distressed property comes to you another way (from your network, from a wholesaler.)how you will move quickly enough to lock it down and buy it, if you're in RI? 

The laws shift and change frequently, and no one really seems to understand the process, and if they do, they are never incentivized to actually help you.

Again you can buy more properties in lower asset class area, but it's less efficient.There are many threads about appreciation, so i won't repeat it here, but my guidance to you is to think through the difference between appreciation and inflation. 

If you’re in the position to buy multiple deals because this nursing home may get properties frequently.

So your $10k could get you a property but what you don't think about is the tenant class is lower and the ups and downs are more frequent.