You can certainly learn through free resources and online forums like this but a mentor can help cut thru the noise, provide clarity specific to your goals, and provide support to achieving them without the trial and error. 

So those saying prices are increasing, it must be their specific market for these types of assets as nationally this is not the case.2.

Specifically in Indianapolis.How does one find a mentor?

I will cycle through 1-3 new credit cards a year specifically around when I start a new project or need to do upgrades on an existing rental.

This is where I am having trouble figuring out which direction I should go - I am a REALTOR and a Licensed General Contractor so I have access to MLS (am also working with 2 REALTOR's who deal specifically with investments - one deals with STR's in the Nashville, TN area the other deals more with Fix and Flips in the Baltimore County area). 

It goes from Roofing, HVAC, Electrical to just establishing rehab cost for ARV accuracy on a timely matter.If you have any specific question just contact me with a direct message.I will be glad to help.Thanks in advance

There are many other factors to consider besides bedroom count and of course you need to research your specific market.

--HELOC is against PRIMARY---Rate is 6.95 first 12 months then prime +2 for a total of 10y, interest only, then amortized--Total HELOC would be purchase price + Renovations (approx 120-130 total but who knows)Projected cash flow is estimated without knowing specific extra costs.  

Any specific clauses that should be included in the case someone bails and the other 2 have to be responsible?

Hi @Peter MatusI don't have all of the information on your specific situation but that does sound high.