I'll just add that those that do this would typically set aside some of the amount borrowed to make the minuimum payments on the CC's (in response to someone previously).Also, if you can demonstrate that the CC debt was used to acquire the property, the interest should be tax deductible (Dave T can comment on this, I've never heard him say anything incorrect about taxes).Obviously, it's a 180 degree different financial world than 4 years, ago, exponentially more difficult to get financing, particularly NOO HELOC's.If you can hold for 6 mths to one year, however, you might well be able to use a new appraisal, picking up the appreciation you forced into the deal, in your refinancing and do this with little or no net funds invested when the dust settles.So if the stars all align... jackpot.

Now I'm not saying to shoot for the stars but don't walk away from a 3k deal either because that's more than what you started the day off with right.  

Having owned a property management company in the past i would give Lett's 5 stars on investor customer service, 5 stars on tenant customer service, 4 stars on maintenance, 4 stars on pricing (5 best and 1 worst). 

Welcome to the Lone Star division of BiggerPockets, Joe.

And then there’s East Star, where you can get modern finishes and decent standard cabinets for $2-5000. 

As of 4/29/15:50 Completed Trips 71% Five-Star Reviews 100% Commitment Rate 98% Response Rate************************************************************************************************Challenges (& lessons below)1) *MOST IMPORTANT* Have a Reliable Maid.

Get high end guests and have 5 star reviews.  

Hi Michel I live in San Jose too and I don't know how to star as well but today I watched a very Inspirational video from Grand cardone https://www.youtube.com/shared?

That's why even those great freshman players have to keep working on their degree, even if it seems they're destined to be stars in the NFL: they should have something to fallback on, and the alternative of trying to get a job without any degree is generally worse for your career prospects than having one that you admittedly overpaid for.Keep your options open. 300 units in 10 years is a very ambitious goal.

It has one star bolt above the first floor windows so assuming its going into the 2nd floor joists.