i actually like the technique of "your paycheck brings the HELOC ballance back to $0".i never thought of it before. i'd not do it, but it's interesting..

I just wanted to make sure I wasn't missing something important, like deductions or other tax-related techniques. 

Exposure wise, you are much safer with this technique.  

If you are ok buying at market value or only a little under market, then this technique can pay big dividends in tight markets.

Growing up in Israel, I witnessed their water conservation techniques and when I found out that U.S. markets lacked a tamper-proof conservation device for residential showers, I was inspired.

>  And never looked backfor me personally the Real Estate license and Brokers license put me in the game.taught me all sorts of different RE techniques  in CA allowed me to be a HML etc etc.

Its the next level of making money flipping or selling Real estate or other advanced techniques that need special skills that not all have or can learn.

An investor looking to create transactions below market value (known as wholesale) will have to use his knowledge, his cunning, his negotiating skills, personality and alternative financing techniques (also know as creative financing) to make the deal work.To FLIP properties for a profit could also be known as making a short term profit by controlling real estate below market value (wholesale).Some tips:Make offers often subject to assignment and public auction (sold as is all cash)Using "bank days" (gives you more time to find an assignee)Build in an automatic extension (so that you do not have to ask for it when you need it)Always ask for Contract Candy in your offer (seller incentives; all the furniture, cash back etc)Use hybrid offers (limited partnership with the seller)Get right of possession (so you can show the property, clean it up a little, prep for auction sale)Multiply your offers (have agents make offers on your behalf on expired listings, no need to look at them, offer 25% below the expired listed price, subject to inspection.

Negotiation, basic communication, understanding buyer personality types, building rapport, overcoming objections, closing techniques, and follow-up marketing are all monumentally important.  

Some things you may not have heard of or have not tried, but I think real estate and techniques of buying with no down are universal.