I'd like to use this to make an "all-cash" offer on a SFR, and then convert that to a conventional mortgage to pay off the HELOC.  

Over the next 5–10 years, I plan to scale to a portfolio of rental properties and eventually diversify into syndications.I’m particularly interested in the Lynchburg, VA market and other areas with strong rental demand.What I Bring to the Table:I’ve been saving aggressively, and I’m exploring physician loans to help get started with minimal upfront costs.I’ve done a lot of reading (shoutout to BiggerPockets books!)

Are you planning to rent it out or live in it?

Tenants can only pay rent if they are employed at similar wages.

Have them pay a week or two before they arrive when they are past your cancellation period.

After spending 16,000 he's paying 2850.

I currently live in Greensboro and own one property I live in that Im planning to rent out once I find the next.

Just plan for reserves if it takes a year or two to break even.Take your time, do the research, and trust the process.

While Pace Morby seems to know his stuff, he puts out incredibly long videos and I didn't have time to sort through all that fluff & didn't want to pay 8k to be in his course. 

Some of the best deals are in dysfunctional floor plans.