The reason most people shy away from it is that it takes a great deal of knowledge and expertise they lack to develop, not to mention access to a great deal of long-term capital.Unless you were doing the actual blue collar work, you could not make such a project work as it is too small to afford to hire such work done.

There is a good equity position and stable tenants, I just need access to lower cost of capital for a property like this to make these properties cashflow.I am willing to do them together or separate or lumped in with another residential property that I currently own that is cash flowing around 550 a month over the mortgage as well.Thanks in advance!

After that we had a few evictions with drama, spent more money fixing damaged things that shouldn't of had to, belongings left behind, break ins, loss of rent etc etc.It definitely stopped me from buying other properties, because this one was a suck of time and money, that I believe was a mistake.

He is a retired master plumber with GC experience; I have a full time job and experience with buy and hold real-estate and  access to  capital.

At least it might stop them from cheating someone else down the road.Taking them to small claims is pretty useless.

I don't want to be paying lot rent while trying to get the home back from someone who stopped paying.  

You'll have 24/7 access to the house (you'll be lining in it) and you can see how others are treating your property.

I'm not looking to sell real estate as a career at this time, I just want access too the mls and be able to look at houses on my convenience. 

HELOCs are a great way to participate in real estate because they offer inexpensive access to very liquid funds. 

Either actual examples or profiles (neighborhood/#beds/general condition/access to amenities/etc) would be great.