We used a HELOC on our primary to purchase and begin renovations on a duplex nearby, and just this month closed on a fourplex that has a couple units rented, and a couple that need full demo/flip (which is now in progress).I'm taking some big swings and really having a blast doing it.

Consider creating blogs, social media posts, or short videos on:•How to handle late-paying tenants•What to do if a tenant damages your property•Best practices for tenant screening•How to legally increase rent without losing tenants•By answering common landlord headaches, you’ll attract leads who already see you as a trusted expert.4.Market to Investors•Many property investors want a one-stop shop—someone who can help them buy, manage, and eventually sell their rental properties.

*Location Matters — Neighborhoods that have high demand, quality schools and close proximity to shops and services tend to draw buyers willing to pay a premium for a well-renovated house.

I’ll be there keeping a very close eyevduring the Reno because i figured as much…who should i steer clear of ?

My recommendation would be somewhere close by so you can manage it yourself.

Closing in a few weeks or less@Ben Fernandez So, I assume you're buying between $100k-$150k with $50k-$100k in rehab?

Are you able to close the transaction (have enough money (and/or credit) ?

Then after closing I will give him the number that I was thinking for the rehab.  

We knew it was a risk and would be wasted money if the sale did not close.

Closing on the duplex first and then finding a single-family rental works well.