I'm finding that this strategy is helping people, building repour with people, and continuing to keep business moving forward while some say it's hard and sit on the sideline to wait until there is mass movement.Appreciate your time and reply and good to hear that you're experiencing some similar action a couple hours' drive away. 

If property values appreciate well, you might be sitting on a property that's worth a great deal more than todays ARV, especially if you can complete some of the repairs while your grandmother still lives there.

I would probably go with a HELOC as you won't have to pay for what you're not using unless you've got a specific property you're going to be buying with that money so you know you won't just take out the loan and sit on it paying interest all the while. 

The problem is that it take far more effort to LIVE that dream that it is to wake up from that Dream.I teach Real Estate Investing on the side and I will tell you 95% of the students are sitting in class dreaming or pretending that they are improving their lives just by attending the class.In the end, they don't really study.I give a Spreadsheet exam at the end of a 12 week / 1 class per week session on building a 10 Year Pro-Forma business plan for your Real Estate and I will tell you 95% fail out right.Being in class is more about dreaming than it is about putting in the effort to learn the skills to be an Investor.

Simple Truths.But you can make a ton of money, if you do it correctly.Why doesn't McDonalds sell T-bone steaks?

Therefore they can sit back and accept say $5000/month on a multi whereas me buying it, now I need full rent amount which is closer to $6800/month.

How long do they sit on the market, are you finding them in move-in-ready condition, or will they need work before you move in? 

Then I sit down with a spreadsheet and analyze all parcels for an area and generate a list of target properties right from my computer.  

I don't want to sit back and collect, I'm always hungry for more knowledge and never satiated.

Purchased a property that needed some work and on the lower end of the market so homes were sitting.