Again I don't recommend using the HELOC to buy a LTR unless you can force appreciation heavily and refi out the HELOC.Regardless having a HELOC out is a good idea so you can be your own bank and fund a flip or BRRRR.I would go with the 300k as it might take time for me to find a deal and I would have more resources for bigger projects. 1% isn't too crazy... accesss to 100k is better IMO

If you lived here and was going to get heavily involved in the management of your portfolio then your chances of success are much higher.

Not saying you should, check first of course.Depends heavily on the AHJ where you're located and whether or not you have a pre-existing relationship with them.

Hey guys, So I'm heavily investing in SFH's throughout the Detroit markets.

I would look heavily into the King County/Seattle tenant laws...

Spring is the time of year where the highest volume of properties go under contract... if it were me I'd factor that heavily into my decision

Since my dad drank like a fish and lived to 87, I think I'm ok as long as long as I don't run out of booze.....

@David Friedman there are generally a few brokerages in each market that heavily deal in the restaurant space, it would likely be good to get on their radar, and to @Evan Polaski 's point, having your data/features on hand to "pitch" the site is likely a good call.Other items to note would be just to understand if the current configurations of the retail spaces could be reconfigured for a restaurant, things like grease traps, larger water lines, patio requirements may all be things they are looking for.  

Unfortunately, I can't recommend it to anyone.Longer review:Stessa is heavily advertised here on BP.

The number of months depends upon how well (or bad) the management company is running.Type of business for this offer Mom / Pop shopBusiness owner is heavily involvedBusiness is running with a skeleton crewThere is no marketing or sales divisionSystems are not well documented or non-existantNot a lot of add ons (programs / fees)Typically have another career as a real estate agentTypically less than 100 propertiesModel 2 - Revenue (1 - 1.5x)Offer is made based on yearly revenue.