I like the idea of using a HELOC over a personal loan and going with option 2, but it depends on what your goals are.

Real estate is an excellent avenue to help you achieve those goals, especially since it can create both passive income and long-term wealth.

During our discussions, we explored goals for growth in an indirect partnership.

I don't care if I'm ahead or behind of anyone else because my goals are not relative to anyone else's progress.I get your point that staying active keeps your skills sharp and that if you're active when others aren't you will have access to opportunities that they do not.

I purchased one fourplex in CA last year with one partner.

Leases typically last 6-12 months or longer, minimizing vacancy periods.Best Fit For: Investors seeking a “set it and forget it” approach.

my goal is to at least be able to buy one property a year.

Best wishes I did not do a full appraisal, just brokers opinion to get the PMI removed which was the goal.

We were just really lucky to not have any major issues pop up until last year.  

I've done work in Florida last year and have several connections out there.