Two information sessions this week, one Wed (tonight!)

Mon, Wed, Fri in the office, flying in from the other side of the country.

However, this is not specific legal advice, just my opinion.The overall theme of what others mentioned is about right, the main thing it seems you are concerned with is how this all plays out as you fund the LLC from the HELOC, go through the repair process, sell, and rinse/repeat. 

@Alecia Loveless while not the theme of this forum I believe your sister might be approaching her Texas SF portfolio incorrectly.

If you are here then I run the BP meetup group and we are meeting this Weds. at 7pm in Colleyville if you are interested we would love to have you.  

I would wait for the next major downturn if you are wedded to investing here, however, I think it would be good for your to at least consider to sell some now and diversify.I've posted this bit elsewhere and I'll share it again:I live in Silicon Valley, and I'm an investment advisor who specializes in real estate.

I am also planning a wedding for next year, so a lot of my cash is going to that.That is a brief introduction and I am looking to absorb as much information as I can before I make this jump.  

While doing my research I have noticed that a common theme for most first-time investors is that your first deal is typically the hardest, but, after the first, the rest come easily. 

I'm getting married next month, and have been feeling the pressure to buy a condo, that would serve as a home base for me and my wife when I'm in between international assignments (10 days each 4 months) and would hold me and my wife's things (wedding gifts, furniture etc)My biggest problem is that we would only live in the condo about 20% of year, as we would be traveling abroad as part of my job.

We are on the mainland this weekend for a friend's wedding, and as we drove through Anacortes this morning we talked seriously about making Anacortes part of our farm area.