Is it a bad idea to use a HELOC to pay the down payment for my first short term rental investment?

The painting of the floor and increasing the rent are both great ideas.  

If you have no idea what I'm talking about, what is a good book?

I definitely like the idea of room mates helping to pay the mortgage (or even covering all the mortgage), so I will keep awareness and learn more about it, so I can follow that approach then the situation allows.Sincerely,Joe

Hey Guys, I learned about wholesaling a while back and I liked the idea of wholesaling to make some money to start my journey in investing in Real estate.Before I get into it I want to know what do I do after I get a homeowner in contract for a wholesale deal.

Pair that with multifamily development and you can have a good idea about how the market is doing.

That is a good idea, that I haven't explored much.

You could add a clause in the lease stating the penalty for late payment.I like the idea of electronic locks.I would identify the items that need updating and plan accordingly; roof, furnace, etc.

Great idea!

It's not a bad idea to stay a step ahead, but if you're already crushing it, then I'd want to see what extra I could get and do some quick math on the ROI of a hot tub.