Victor Menasce sheds light on the 5 key elements to raising $$$$ & in my experience raising capital he's spot on!!!

Large parking lots are the biggest other expense they would ultimately need to cover.I want to check on a few elements of this property. 1.

My goal here is to create a golden thread that a beginner can follow to get to a solid rental investment that puts cashflow in the pocket and with an added element of a little fixing up, the potential to complete cash out and do again with the same money every six months.

However, only the physical elements of a property are subject to depreciation.

@Joe Morelli you have some elements here correct but lets review the numbers a little:The FHA 203k loan will lend 96.5% (or 3.5% down) of the purchase price + renovations.So if you buy for $130,000 and your renovation is $50,000, then your total price is $180,000. 

Make sure you pay for an environmental report for this property.

Thanks Nikia, if say the septic leaked, do you have liability on things like environmental damage or health issues?

Do you have experience renting remote vacation properties, and if so what is your experience and what are the key elements in your mind in making a great one. 

What data elements are required to submit on a pre-approval application?

@Matt Gregory the main element I would ask you to think about here is that a HELOC is designed as a temporary loan.