Is it red oak and wider, the better?

Oak Cliff?

I've been investing in Royal Oak, Ferndale & Hazel Park for the past couple of years.

Keep killing it man, I would be tempted to take my chips off the table. 

To be frank, I have $160k in student debt, and would love to start chipping away at that even more via real estate and my business ventures.We're currently looking in the Vancouver/Portland, Oregon area primarily (really Vancouver).

I have also seen a friend remodel his personal residence in Oak Park, IL and use vinyl plank in the basement.

I have an attorney in Sherman Oaks that I use.

What I'm thinking is:(1) take out a HELOC as a down payment in another location, which depending on the second location would be enough;(2) Let the HELOC amount sit in my bank account for a couple of months- a lender I've been talking to said to do that because the lender will require two prior bank statements and a large sum of money like that they'll want an explanation for;(3) Get a 30-year mortgage using the funds from the HELOC;(4) Pay down/off the HELOC;And then from there either keep chipping away at the balance of the mortgage or take the equity from that after awhile and repeat for a third property.Is that kind of how this process usually goes?

Like you, I am also a new investor located in the Los Angeles, CA area (thousand oaks, to be exact).Agree with many of the points that Reed mentioned above.

Will some buy a fridge on Craigslist and try to put it into your newly renovated apartment on their own, scratching the walls, chipping the paint, dragging it through the common areas, only to find out they got the wrong size and they just leave it and/or call you?