For example, places like Illinois and Oklahoma have specific rules requiring a real estate license for certain types of marketing.This specifically for flipping land using Transactional Funding.If you’ve done this before, what states have you found to be friendly toward this approach?

For more affordable properties—those priced under $400,000—the timeline is even shorter, with many homes receiving offers within two weeks of being listed.This fast-moving market poses a particular challenge for first-time buyers who may not be as familiar with the urgency required in competitive bidding situations.

The key to this is finding a HML that doesn't require access to the property for an appraisal.

Yeah when I was considering my own backyard, I was trying to avoid cities that required relocation assistance, and other weird laws.

The only item I would suggest is double check the payment terms of the your HELOC... in particular, can you pay interest only or are you required to pay a portion of principle each month on the amount utilized.

Banks so far have required me to come in person to open account. 

Virtually all 5+ units in Reno where the buyer is using bank financing will require 50+% down.

However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.

Concepts like sub-to agreements or leasing to STR operators sound appealing but require careful consideration of the risks involved.

Success in real estate requires courage, perseverance, and the willingness to take calculated risks.Internalize these principles and apply them in your real estate endeavors, and you will be on your path to success.