Active investors absolutely have ability for higher returns, but at some point it does impact your primary job earning power. 

.#1 I would call the city rentals department directly and ask if the seller's license will remain active until the day yours becomes active.

Typically the first set of tenants I screen are the ones who end up in the unit due to prescreening activities like my application and making sure I meet them.

Here's more context.Hi Zen,Right now we're focused on Los Angeles for our PM services but we are actively exploring new markets so I'm happy to chat.

I assume your wish to use a HELOC is to avoid paying interest when you are not actively rehabbing a BRRRR.

Do you have any pics of some of your favorites (before/afters would be nice).Maybe some curb shots, and an interior rehab your most proud of.Do you self-manage/collect the rents yourself?

With that said, I have personally seen a lot of activity in the last two weeks.

-- sort of depends where you live and if you want to invest out of state / have the ability to manage a team remotely, the best out of state investors are very active in managing their teams.

This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

What's the activity level been like?