Ahh, the old Metzenbaum effect rearing it's ugly head again 😂

As the L trains shutdown creeps in does anyone started to feel the effects?

I feel that at this point since I have no money saved up and no real connections in the business, it would be best for me to just continue reading and learning as much as I can and communicating to people.

Effective communication is the key to any PM/Investor relationship.

Would it be the most cost effective approach?

@Nicole Richards Many of the answers you are looking for can be found here: How to Effectively Conduct Joint Venture Agreements as a Real Estate Investor596231-how-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesGood luck!

The owner did not have a will, had no children, the only person that is known is the sister.I am still in communication with the Legal Power of Attorney and would like to resolve this issue sooner than later.What would you do?

Now for the question: in the new tax law, effective Jan 1, 2018, I understand changes have gone into effect regarding the ability to deduct the interest of HELOCs.

I have many offers on the property @ $1600 and $1500 respectively that i'm sifting through.assuming they don't all fall through i'm in effectively for no money out of pocket and $3100 in cashflow - the mortgage which should be in the 2k range after the refinance.  

One more thing to consider with a HELOC that could have effect on the deal you are trying to use it for.