It has characteristics that are both similar and different from long term rentals and short term rentals, hence the distinction.

Hey @Jupshy Jasmin,A good way to approach is to not look at the sale of the original asset as a distinct transaction separate from the purchase of the new asset, but rather as one transaction.

While Rentometer does include data on some Canadian locations, in our experience it is dangerously inaccurate.  

At that point the bank will have to close it and offer you either cash out or another HELOC based on what is left from paying off the first mortgage and the previous HELOC.Heloc's can be dangerous when you are altering a property or doing renovations that may go over budget. 

What is dangerous.3.

Yes.This is super dangerous if your a newbie.

These lines are generally NOT fixed rate, so they can be a little dangerous for long term financing.

I find deals in 43608 for locals all day long, it’s just dangerous for out of state buyers to blindly scoop up.

It has beach communities, central downtown, and a bunch of distinct neighborhoods with their own character just like LA.

The thing is, wholesaling doesn't do much to teach you how to rehab....Underestimating the amount and cost of the rehab is one of the biggest dangers for the newbie.