I'm a GC as well and did the math, the Heloc would save considerable interest because it would average on 33% of the balance borrowed at any one time (and thats assuming constant deal flow).  

Thus, an entire scam industry has arisen where, for a few bucks, you too can have your very own "emotional support peacock".

Operating in an industry where "we track time," I can offer a few hopefully helpful tips:1.

We took an Ag zoning to Commercial then allowed a Special Use to Self Storage which is Industrial. 

Since your dad is a contractor with access to affordable labor, the renovation costs could be lower than average.

Average person can't visualize how to fix it, but you can (create an extra bedroom for example)3.

I certainly don't want to get into the business of being a "bottom feeder" that takes advantage of people, but if there is space in the industry for someone to help people in your situation while making a fair profit, I wouldn't mind learning more and getting involved.If interested, message me.

True, I am 100% with you on that.The point here is, when you analyze, you do based on what you know now (what is known as a fact today) and on what is highly likely to happened (again from today) and to accept the fact that things might change tommrow.Life happened every day, that’s why  we need to stay firm with our direction but flexible with our approach.having lived through the HORRORS of those years fully engrossed in the industry almost nationwide... it was regional on who did well and who had troubles.. no question well positioned landlords in Portland for instance no issue.. 

For an investment of $197, you get a good overview of the MF industry.  

@Jesse Strengunfortunately I’m not familiar with property managers in that location what I would suggest is I would look up NARPM and start with them..Below are some questions I would think would be a good starting point for you to see who really treats their company like a business or a hobby.My business partner is a regional VP for NARPM and I am happy to help if you need anything please reach outQuestions to Ask prospective management companies* What are your average days on market for vacant homes?