So this is the breakdown.  1.1 purchase price 1 million invested in the rehab.Proforma rents $51K/ month  (65% occupied today and expect to 95-100 by January.)Stabilized Value $3.5 ? 

Most are working class (no level of education required) and the landscapers, in particular, are used to cash. 

If the vast majority can't handle it, and their average age is 20 years older than you, the odds of you making it are extremely slim.I hope you educate yourself on the job and the costs and that it works out for you.

I tried to open my first business checking account today for my new LLC at a credit union. 

How much of their own money do they spend on marketing, licensing, education, gas, etc?

@Jeff O'Neal I'm so upset I just looked up the dates on all the meetups and checked my msgs today and saw I missed it by one day...

I am doing a Quiet Title action pro se -- it's been a long process just to learn what to do, but extremely educational. 

Join NARPM and starting going to their education classes.

That's still the case today. 

I'd say go with the ELOC on the rental while you can...just secured my first with Pentagon, submitted my second today.