Secondly, many condo associations are run poorly and have little in the way of financial reserves, so unexpected repairs, maintenance, or upgrades could translate into surprise special assessments that will gobble up your profits.Flipping off-market properties is a sound strategy, but it requires serious marketing effort.

I love being able to help people I meet along the way and get to enjoy the luxury of being able to have my family first; even though at times those things get lost in translation, I don't ever let that get in the way because I am focused, dedicated and reminded everyday why I must and want to do the things I do w/LOVE!  

But both this and the HELOC alternative would translate into 100% financing and I doubt you'll find such good deals that would cash flow nicely at 100% financing.

The distinction is based on how your management decissions translates to your biottom line.   

Unicorn....The real translation is "I'm dead broke or close to and I want to be a millionaire by buying real estate....how do I do it?".....

You need a plan if you wish to leave in 3 years how to translate to more fixed income funds.

With over 15 years experience working in other people's homes (& a major renovation of my own) I saw the potential for these skills to translate well to REI. 

The Cali shift partly translates to lower income leaving and higher incomes replacing them.

I love the fact that online acquaintances often translate into real frienships. 

@Jason ClarkeAs a general rule, in NJ, areas with good school districts have lower cash on cash return because they are desirable places for families to live.Less desirable places command a higher Cap rate which translate into high CoC depending on the level of your investment.So a combination of good school district and solid cash on cash return is hard to find, in NJ.