I would encourage you to look at a side by side to examine the savings and benefits of a Cash out refinance payment versus a Heloc payment.  

Here is what I have done to increase the revenue per month by average $1,741 versus the comp set properties of the STR owners I consult with.

Raise fees on building permits, give tax credits on renovations.Suburban sprawl really hasn't been a good thing for the US.Of course, it's all about supply & demand.But, if you can figure out why more people want to live in Hazel Park (leading to teardowns & rebuilds) versus south Warren or Eastpointe (nothing happening) then you can make millions.

Cost segregation, 1031, 2 of 5, standard depreciation, RE professional, STR "loophole", stepped up basis, prop 13 in CA, etc.Good luck Hey Dan, I really appreciate your insights—especially around cost structure, tax implications, and scaling.

Good luck!  

Any luck purchasing 10k "Condemned" & "Burn Out" Homes?

There are many reasons but near the top of the list is their cost versus the value add. 

I would even suggest a Primary home or Vacation home to pull the cash out of versus trying to find a lender who will agree to be in 2nd lien position behind a investment property.

Any luck purchasing 10k "Condemned" & "Burn Out" Homes?

Any luck purchasing 10k "Condemned" & "Burn Out" Homes?