Quote from @Jordan Kaylor: I'm new to real estate investing and have secured a HELOC on my existing home.  

I've collected thousands in security deposit from my guests who've caused damage.

Instead you will cash flow right out of the gate and appreciation is faster in those states with TLC properties or adding things like an ADU, or Carriage home on a bigger lot.Most of my investors that live in CA purchase in those states listed above and in most cases its easy to introduce them to local Seasoned realtors Contractors, Handy Men/Women that can help them save money and feel secure about the distance from home to REI.

You live in a $1,000,000 house and are able to secure a HELOC for $150,000. 

Regular storage building lookon the outside.

They're the ones working with those agencies on a regular basis and have the best referrals.As far as recovering the debt, try leveling with the tenant as much as possible so they grasp the seriousness of being sent to collections.

I started to create our company website with my good friend, Scott Corbett (Lightmark Media), and we started working with our securities attorney to put together two 506(c) offerings.

You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.

If you plan to manage remotely, then find a good PM or have a trusted team that can inspect your property regularly - and be ready to pay them.

Hi Alex, I believe there is a Pittsburgh group that meets regularly but I would love to attend another gathering as long as time/place works.