I live in derby and new to the real estate game.

Use next 4-6 months to learn by listening, reading and watching how the real estate investment game works.

Period.If he keeps playing games, I would a) walk away from the deal, and b) report him to the State RE Board.chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.ncleg.gov/EnactedLegislation/Statutes/PDF/BySect...

That way you’ve got some skin in the game, and the tenants will be less likely to protest that the other tenants are using more electricity or gas.

We did quite well in the Timber game in the 90s Owned many thousands of acres of Timberland during that time its a great industry one of the favorite things I ever did beat the heck out of rental houses LOL

If your game plan is to pay it off with prepaying all your money you absolutely need a HELOC however don't need to use.

You just have to get in the game, learn, and adapt as you go. 

I would guess that you have little or no experience running any kind of STR, and now want to get that experience on the back of someone else's investment, with little or no personal skin in the game, and that's not a good way to build an investment portfolio.

SB 9 sounds like a real game-changer for California investors.

It was just a waiting game going through the foreclosure process Lessons learned?