You get a deduction for the contribution, the gains grow tax-free and as long as you use the proceeds for health-related expenses the funds come out tax free as well. 

You may be serviced 3 times during the storm and a final clean up and salting after the storm .

But day trading is a job at best and a nightmare at worst. 

I was 17 and a half years old! 

@Alex Houser You need more numbers and a proper inspection to justify the price. 

Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

You are still going to have holding costs and a heloc will just have less holding costs that you would if you were doing a personal line or hard money. 

Most of the lenders I work with (provided you have experience and a credit score over 660) would do up to 85% of the purchase price and up to 100% of the rehab costs, provided this doesn't exceed 75% of the ARV.As for the idea of selling the land, great idea.

With respect to paying $44k off on your HELOC, I personally think that is totally fine and a great start. 

Hey Andrea,  We purchase a single family 2 br on the west side 5 min from the airport and a popular hospital.