It is a slower way to get started, but 7 years later I am doing well.

Wholesaling skills translate well with both buy and hold/fix and flips. 

I am known around here by many as the 1031 exchange replacement finder.

By focusing on properties already set up for seller financing, they avoided the hassle of introducing and pitching the concept to sellers.

When I went to sell the property the new buyer wanted to get title insurance and the Escrow Company AKA also the title company ) Did thier checks and said I would need a notarized uninsured deed paper for each of the quitclaim and the grant deed guy as well.

If your HELOC is for the downpayment and you want to use lender money for the rehab, you are setting yourself up for failure in a difficult market.

@Franck Armand, I'm not sure who informed you, but those respective markets are all well past the gentrification phase.

Also having that capital in your account opens up opportunities like foreclosure auctions and tax sales as well. 

I would say about $8k average, sometimes reaching towards $20k depending on length of run and the difficulty of tie-in to the City main.I would not, as a buyer, wnat to take a chance on this..even if they are working well now, it is a ticking time bomb and a large expense.So I would wrap your head around the concept of offering a credit towards this item.

Then a reverse exchange would work well for you.