My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

It is very competitive but if you utilize good resources and think smart you can do really well!!

My plan is to funnel the rental incomes from all three properties, along with my W2 income, back into the HELOC while covering all expenses from it as well.

Hi Beau, it sounds as though you guys are looking in a desired neighborhood as well. 

@Brad KanouseYou've gotten some good info so far from Arthur and Dmitriy and I wanted to add in some other things to think about as well.1.Self-Directed IRA (SDIRA): This is what @Dmitriy Fomichenko mentioned, and he's right, it could be a self-directed IRA or a solo 401k.  

Price range seems to be so fluid from what I'm seeing - as I'm sure you well know this but a home in one town might be $20,000/$30,000 variation in another.

You shouldn’t have to go to a second platform to verify a booking.I’m happy to jump on a call to review your current occupancy compared to the market, as well as “the anatomy of a statement.”

What if franchising is part of the strategy, with a long-term goal of acquiring properties as well?

We want to get a few rentals up and running and then (if all works well) begin bringing other friends/investors in to invest with us.

Its like a short-sale, its better than a foreclosure but has downsides as well.