This podcast would be a great motivation for young starters like you https://www.biggerpockets.com/renewsblog/2015/05/28/bp-podcast-124-building-real-estate-empire-at-young-age-with-jered-sturm/

So I would like to ask for some advice in the thought and or experience on those who have invested in lower income property.For starters, I am a new investor, and where I live on Long Island homes are pricey and taxes are high.

It would be a good starter house for my family.

to fix the house to their requirements is financially a non starter - the only options are ignore their violation and derive some rent from the property or let them demolish the property and sell the land and break even.Do they have me over a barrel?

I know there is no "one size fits all" when it comes to being a landlord (or daughter of a landlord) but I do want this venture to be successful and be able to maximize profitability without screwing over tenants.There are a number of problems currently going on in the building (tenants living there illegally and renting rooms without permission for starters).

It's nice book for starters

Well, for starters, is the house currently occupied?...

I will not be moving in, so that's a non-starter.

Hello, It does not look as though you are seeking information with this post; so I will say that in four years of "looking for deals without using a loan", you surely have gained insight.You should now be aware and clear about the type of property that you would like to target.You  should know if you have a specific price-point for your target properties.You should know if you prefer starter homes, small multi-units;  or larger, more expensive homes and larger multi-family units.

Repeat process...Essentially, I should be able to use the HELOC funds as my starter and then do a cash out refi on each unit and just keep working out of the HELOC as revolving credit as needed.