Nobody wants carpets these days except sometimes in the bedroom.

Sounds shady...In other words, instead of bringing in cash you're putting up equity, nearly the same as cash.

@Nathaniel Dean Morrisonthis question seems to be getting asked multiple times a day in the forums.if you're asking: should you use a HELOC to buy an investment property, because you don't have any actual cash? 

With your resources, once you find the right property, you’ll be in a strong position to flip and build capital for future investments.When you flip, please talk to your tax advisor about whether you are ready for an S-Corp and/or whether you should operate under the same entity as a construction company.

They admitted to charging the same for other turnovers, so if it is fraud, it seems like grounds for a Class Action lawsuit?

It sounds like you're saying that the cell can have a separate bank account opened as long as the master account is already in place (at the same bank) - is that correct?

I had the same intention in 2019, but available duplexes weren’t feasible.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

My company treats this activity the same (well, almost) as a Child Care (Day care) center, which is a commercial and licensed activity and not appropriate for our leases of single family homes.

If anyone currently MTRs in this area, I am curious on how you got started, how you run your operations, and how you furnished your property(own/rent) and what the cost breakdown might be for me to do the same!