This is a significant down side to me as a long term investor as it basically wipes out your cash flow. 

Peniche also has a university and a fishing industry to provide alternative economic drives if tourism does take a hit.C.Supply constraints– Peniche is a peninsular!

Brian B does a little investigation to find out that this GP had basically zero experience in the space yet took down a 50 mil dollar apartment in Houston ( not sure how they talked lenders into that one) but there is 10 mil in investor money that got wiped out as Brian showed this investor that the property went to foreclosure and reverted to the bank ( no one bid it).

Of course they are going to have bad credit or they would be looking in a better area.Another thing you may want to consider to drive more applications is to not charge the application fee.

Zillow / Internet, agents, off market, driving for dollars?

Basically, flip partnerships suck unless you spend a long time being clear about the roles and payouts, etc.

And of course, will gladly drive somewhere for a couple days, park myself somewhere and work-remotely as needed. 

Look into crime maps, and do the old fashioned thing of getting in a car and driving the market if it's not in your back yard.

You are basically asking how to wholesale, but that's too long of a question to answer.

The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.