Finally, check with the Town to make sure there are no municipal liens, Make sure they're on Town sewer, check with the tax assessor to see how many bedrooms the tax office thinks there are, (important if you are flipping) buy ok to have more bedrooms if you are planning to buy and hold.  

Investment Info:Single-family residence buy & hold investment in Okemos.

Will you use the HELOC as a short-term bridge, or plan to hold it longer?

It might be best to hold off until you hear of other BP members who have experience with them. 

Walls are drywall and don't hold up well to jump kicks. 

Alamo REIA also hold events trying to connect individuals from different specialties within the real estate investing space.

So it’s not a house you’d should hold with your own money.

I don't hold to the "analysis paralyis" theory that if you're not buying something (LTR or STR), you're doing something wrong.  

We sold it after 3 years as the appreciation was so significant, it would have been foolish to hold it longer and roll the dice.  

I am perfectly fine holding X amount in real estate.If I do see an opportunity another option is to lock it up and sell one of my existing if I think this property will perform or appreciate significantly more.