If they don't get it instantly, they never really will.

Some areas there are still plenty of deals not quite as good as 8 years ago but you can get deals.I do some work in Vegas and that is one of the hot markets on the lower end for sure.I like Davids thought process of getting your license ... this gets you in the game and helps you in many ways.. most of the folks I fund around the US have one thing in common.. they are RE agents or brokers.. so they have instant access to MLS.. they know values very well and can't be BS by some wholesaler who is puffing numbers.. etc etc.Also when deals get skinny your only paying a selling side on commish and you can capture a commish when you buy  those numbers many times add up to profit as opposed to breaking even or a loss.

I think that if you can do that, the deal instantly looks better.

Very new to real estate, this is actually my first forum post.I was recently introduced to the BiggerPockets podcast and was instantly hooked, I have listened to quite a few and plan to listen to all of them eventually. 

Instant digital tracking and receipts.

This becomes instant free cash (actually it's a "cashlike substance").

But with having access to the HELOC, this doesn't mean you have to keep the outstanding balance fully on the HELOC portion since the interest rate is higher(so you mainly want it to either borrow funds instantly and have the ability to repay it without penalty, or you could refinance the fixed portion easily without having to register a new charge each time you refinance).

The theory behind the 10/1 ARM is that for as long as I've owned homes, I've never gone more than 10 years between refinancing (owning now for over 25 years).So we extracted the cash and were in no rush to invest instantly to offset the amount we'd owe with our mortgage AND the HELOC.If you have a mortgage, a HELOC and a mortgage on a rental property and you don't have the property occupied, then you're in really bad shape (IMHO).So what's why we refinanced over the HELOC.  

Do we instantly send  tenants letters of new ownership?

I was also looking for more instant gratification.