The variable for me is the age of the building, but I'm confident in the growth potential.

I so far am very confident that I will able to do so.

The catch being making sure I only strike on a deal I feel informedly confident can get to that ARV with the rest of the math (rehab budget etc).I appreciate the response.

So its a choice of either putting in triple extra energy and effort just to be taken seriously, or having that degree and confidence and have doors open for you. 

I feel very confident in my ability though, mostly because I have 15 years of experience working in RE between appraisal, escrow and PM.

Also I think that it looks more professional when you present more than one exit strategy to and investor and it gives them more confidence on you in case things goes south. 

We felt fairly confident we could manage the rehab. 

I am finding that properties that are now coming on the market are priced 40-50% higher than where they should be to make money renting them using the 50% rule for expenses.There has been tremendous price appreciation during the last 5 years and I am not confident it will continue at near the same pace for the next 5.

I called Nest and they seem confident that it will not be an issue. 

If your confident you’ll always have properties available to pay off the LOC with, it can be a powerful tool that can allow you to expand rapidly, just stay cognizant of your leverage.