The key is to ensure the HELOC doesn’t turn into a long-term financial burden if the partnership doesn’t pan out.

You'll get much more "bang for your buck," lower cost per key, and lower maintenance costs per unit.

Because as we know not every property will be turn key. 

Being out of state adds challenges, but the key is building a solid team.

It used to be my job to protect our celebrity clients from so called investment specialists who promised more than the investment was worth and delivered less or nothing at all.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

Communication is key and transparency is something call centers do not offer.If you ever have any questions or want to network feel free to reach out or send me an email.

"reinvesting the full proceeds without financing or using leverage to enhance returns is key"So I cannot use it as a down payment for buying a place with financing?

The IRS disaster assistance page and hotline are key resources for those seeking guidance.One significant benefit for those who have experienced property damage is the potential to claim a casualty loss deduction.

Hre are the key things to knowWhat you are bidding on - often oddball properties that are hard to identify and have little value are auctioned offThe true as is value of the property, The tax assessment can be way higher or way lower than the true as is valueThe local laws and how they affet your total costs and returns