I have used the STR spreadsheet That is provided by BP..  

Can provide all the benefits from a cash flow and tax perspective.

Purchase price: $310,000 Cash invested: $50,000 Big Blue - 2 units fully rented, 1 with section 8 tenant and 1 unit being used for short term rentals What made you interested in investing in this type of deal?

For properties in Central Ohio, you can access records through the Franklin County Recorder's Office, which provides a public records search tool to help you look up property details, including any liens.

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

In turn they provide me with a steady flow of off market properties.

A lot of hosts I know use pool fences, safety signs, and provide life jackets to help reduce risk.

So I'd be pulling equity at 9% and only get paid 5% if I used the HELOC and kept the cash in my high yield account. 

Those holding cost will certainly add up over time and kill any cash flow.

J Scott, one of the more respected authors/authorities on BP, provides scenarios in which wholesaling can be done legally and ethically.