newbie here. just wished to introduce myself. formerly from washington, dc, i'm just getting started in the staging arena in california and i'm looking to make some connections as well. thanks and sincerely, sydney

Also Beaubian is one of the top elementary schools in CPS and a lot of people look to live in those school boundaries.  

I currently have 3 SFR in various stages of rehab and I am closing on a MFR of 14 units in a couple of weeks.I live in Australia and work through my team in Phoenix.

The solution there is to get a $100k 1st mortgage so the HELOC can be in 2nd position where it's comfy and happy and doesn't have stage fright, pay the first down to like $10k immediately after closing (remember you only pay interest on the outstanding balance!)

As you can see, the principal is only decreasing by about $40/m at this stage (but ever so slowly, increases as a proportion during the life of the loan, so that in another 231 months, the amounts are reversed, leaving only about $40/m for interest and the rest towards the principal, finally*).

There are ways to make money in every stage of real estate cycles. 

was not sure where to post this info, the area is a bit far from my target area to work and as stated i prefer not to flip at this stage in my path, but wanted to share the info for those who dont mind taking a drive in the country to hunt these homes if they are a deal. 

I am still in the learn/put some money away for a down payment stage.

I'm currently just working on it in stages as I close on my wholesale deals.

I had a good run, did about 10 transactions for around $4M in production, and I also ran a "listing coordination" gig for some of the big agents in the office where I'd essentially manage the preparation of properties (improvements/repairs, staging, marketing) for a percentage of their commission- I worked on about $20M worth of sales in this role.