With proper tenant screening and systems in place you can absolutely be a successful landlord.

I have access to contractors, lenders, and have a very strong balance sheet, so just need to find the right deal and get access to comps.

It also will help you a lot to learn how to properly calculate ARV as your buyers will want to work with those wholesalers more than one who is just throwing properties at them.

I don't believe you would properly replace the debt in this situation.

It’s about balancing your goals: paying yourself back versus scaling quickly.

Hey @Thanh Lu, so if you only have a couple of units, then self management isn't that hard.The key to doing it right is setting it up properly and keeping up on maintenance.I can count the number of late night calls from guests on one hand.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

It also allows gives you greater flexibility.Plus, once you flip the home and make a few dollars, you should be able to pay the HELOC to a zero balance as well as having extra funds to throw in your war chest.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Putting people in a position where they would need to sell or come up with an alternative strategy to pay off the mortgage balance prior to rebuilding.