These names frequently come up in investor circles because of their reliability.Speak Directly to Their Team: Legitimate lenders will have knowledgeable representatives willing to explain their loan products and processes in detail.

You can still build two separate homes on the same lot, offering investment flexibility.The streamlined approval process is a huge advantage, cutting out the red tape of lengthy public hearings.

You also need to account for the eviction process, state laws etc...

Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?

Get everything in writing!

However, I do rely on my trusted network of local professionals for different parts of the process.

I have a list of about 20 properties from him, I just don't know how to start to the assessing process.  

I currently manage them both and am experienced with the whole process along with finding deals and analyzing them.

We worked him through the process, brought him a contractor, and gave him all the resources along with giving him tips on layout and all.

The process went smoothly, and I’m happy I got a tenant so fast, but the high supply of new builds in the area makes me nervous.