Hi Joe,Using a Home Equity Line of Credit (HELOC) on your primary residence can be a practical and low-cost way to fund flips, especially since the terms you mentioned include only a $200 yearly fee.

Is this a predatory practice by PMs?

Kevin I’m not saying it’s a good or bad investment and this is nothing against your personally but at some point you will HAVE to fully dive in and fully understand the scope of your investment whether it’s turnkey or anything else if you are going to a chance at ‘controlling’ the outcome you are seeking.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Rent is "paid" when they initiate transfer not when it hits my account because they have no control over the lag time.

I guess my challenge right now is to define the strategy and balance all the factors, such as job and population growth (value increase), cashflow (demand & supply market, interest rate, property tax, maintenance cost), and risk control (insurance etc). 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

However, many times its just not practical or cost effective to put the work into it because in many cases its not easy to do.

I am worried about having an intermediary taking control of my property and renting to tenants I haven't screened.

Managing the operation myself could save money and provide better control compared to working with out-of-state properties.