The key to is that you must stop most or all your banking elsewhere and now start banking in the HELOC. 

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

I'm starting to turn bullish on the Gatlinburg area again.

I was just wondering if buying properties and rehabbing them would be a good way to transition into becoming a residential developer eventually?

You have to start somewhere.   

Start investing in cash flowing properties, like duplexes, triplexes and quadplexes.Thanks,Dustin

I am here in southern California and homes are still selling in less than 2 weeks.The agents that price the homes correctly will get multiple offers and sell in less than 2 weeks.The agents that price the home extremely low for marketing purposes will get 20 offers on a home.I tend to price the home slightly higher than the market and see if any buyers will bite, if not we typically adjust the price down over a course of 30-60-90 days down to the price where we start to get showings and offers. 

When companies reach the size of Greystar or Western Management customer service really starts to suffer.

Once you find a lender that finances properties similar to yours, start building a relationship.

Hope to be more active and ask a lot of questions to the community as I start going about this journey.