@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!

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.

Just be selective with the neighborhoods you choose.

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.

So what you are saying effectively is I started negotiations within my 45 days identifications period.

They tend to come back with lowball appraisals on HELOCs because many of them use a national “appraisal” company that does not select appropriate comps.

This is my most effective tool un my tool bag.

What are your best criteria for selecting locations to invest in?

I also believe that for your first couple of properties- You MUST manage yourself , it will be the best learning experience for you and will do wonders to your learning curve...Feel free to connect if you would like some help at the beginning of your RE journey.Last, if you visit the states make sure to open a bank account in your name it is important for your success and should be done in person vs paying someone to open it remotely...Also make sure on your next visit to your the market/ properties in your selected investment area.