Account for all costs, including closing fees, holding costs, and repairs.

That being said, I'm not a fan of holding property in anything sub B quality. 

I wouldn't recommend a standard buy and hold rental because you'll have to pay both your HELOC and mortgage on the house. 

I sold my last foreclosed property in Baltimore about two months ago, and I now hold zero notes through Safeguard Capital. 

AccountabilityAnother obvious and much-needed benefit of a coaching program is having someone hold you accountable.

If you’re in the market for long-term buy-and-hold new construction properties, they’re definitely worth considering.

I've been buying SFH's out of state all cash as long term hold rentals.  

The down fall is a Heloc can "Never" be used as an asset or for PITI reserves required when buying a new Primary or investment property.A heloc can also cause major issues with credit and one slight hiccup or missed payment the bank or lender who is holding the Heloc can close or reduce your line of credit.

Will you use the HELOC as a short-term bridge, or plan to hold it longer?

Hold on while I get my popcorn………..