I spoke with Terry this week and he was able to work his magic and got my variance approved in a few days with no application fee from City of Tacoma!  

It's simply not true to say a tenant can just make a complaint and like magic they get a home for free for months, it does not work that way. 

. :-)If you're looking to grow a portfolio, everything you do has to be put together with the effect of preserving every dollar of your capital.In terms of the post though, somehow you have defined some magical management company that will do all these beautiful things - find deals at 70% LTV, find the contractors, manage the rehab, and get the homes rented.  

This has been discussed here before......there is no magic to the heloc.  

Kevin Cross here. Born and raised in Alaska, going 42 years strong. I've been investing in real estate for decades and currently own rentals and rehab/flip several properties a year. I was 2012 President of the Anchor...

Or am I too late to the Indy party.I found this on realtor.com - its no secret I just want to know if I am analyzing/thinking of this the right way.List Price: $49,000Purchase Price: $44,000 - lets say I can get a couple thousand off and magically get a 30 conventional with 20% DP.Repair Cost: $5,000.00 - Property Taxes @ 2% of list price - could be lowerRent: $650.00If there are any Indy market experts that want to chime in on my rates for vacancy, repairs, and CapEx that would be great.

is not a magic word, when it comes to self employed persons - erase that notion from your mind. 

I know what worked for me and now I can talk to sellers of a 5 Million dollar building no problem. it took me time to get there, not extra pressure and failure loops because I was not the ultimate sales person day 1. it took layering of confidence to get there- use introversion as an advantage. when you connect with someone you will come across as very authentic (which we are) and you will make a real relationship. what we introverts have to bridge is the numbers game, which is important. you must talk to more people to get better at it and then the magic happensgood luck

I read somewhere in the forum 90 miles outside of the major city seemed to be the magic amount.

Finding great tenants is where the magic happens.