30 year loans are fannie-backed products. 

There are many programs to get owner-occupants properties at a lower price (FHA, VA, etc), but not many financial products to help landlords get started.

We do that exact same thing, and use TurboTax, too, I think it's a great product for rental properties and really simplifies things.

This was an excellent thread - thank you for sharing your experiences.

If we spread ourselves to thin, our quality of production suffers.

@Shiloh Lundahl I find it productive to be friendly with Tenants but not friends.

If you are wanting to BRRR, then you can use your heloc to purchase and rehab a property or a combination of that and hard money to find a duplex.I work with a bank that will Cash out refinance once a tenant is placed and will lend based off of the asset and income production, not based of my debt to income ratio.

Believe it's meeting this Thursday (22-Feb) at Renton Technical College. https://www.meetup.com/Fixated-On-Real-Estate/Real Estate Association of Puget Sound (REAPS): http://www.reapsweb.com/Seattle Investors Club (SIC): https://seattleinvestorsclub.com/Cascadia Investors Alliance: https://www.meetup.com/CascadiaInvestorsAlliance/Each can focus on different areas, but they're all excellent for networking with other investors and RE-focused business partners.Keep listening to the podcasts, start joining the networking events, and you'll start to define your goals and how you want to get there. 

Couple of key points that really separate the 203k from other products include: - ability to finance up to 6 months of mortgage payments while the renovation is being completed if the whole is listed as uninhabitable by the HUD consultant. 

Rich Stancato excellent and works with you.