You then draw your HELOC balance as the down payment for the flip.  

The bids I won, are down payments on property that has "small" balances under $20K but I do not see how this is legit. 

Multifamily investors usually look to balance risk and return - usually picking either B or C neighborhoods to buy rentals in.

I want to strike the right balance between transparency and professionalism.Appreciate the guidance—thanks again!

We have a partnership entity, so it has to file separately and needs balance sheet accounting.

The actual penalty varies but it's often a step down or if a 5 year prepayment penalty term, it will be 5% of the original or unpaid mortgage balance if refinanced or sold in the first year, then 4% in the second year and then on down (the exact penalty varies which is why I mention both the original and unpaid mortgage balance.

A shorter minimum stay and dynamic pricing are great for attracting bookings during slower periods, though the trade-off with single-night weekend stays is definitely a balancing act.

Plus, Tennessee is a landlord-friendly state, which makes it easier to manage properties compared to more restrictive areas.There’s also a growing community of out-of-state investors looking at Memphis because it offers a great balance of affordability and return on investment.

This is the point that in my mind the house has reached a balance point and is stable.

In PCB and Destin, though, the balance between property prices and potential rental income is much better.