I receive 20% of the cash flow (net profit).

I know to check pipes (on city water so water should be flowing), but any key points I may overlook?

(Yes I understand you can flip/wholesale/yadda a house and make a great return, but what I am referring to here is the infusion of passive money... solo 401k/IRA, investment dollars for yearly cash flows, etc.)3. 

At the age 24 I had acquired and ran my own restaurant but I am now real estate investing full time.I am opportunist, seeking deals daily.Real estate ExperienceGrowing up in family who owned several multi family propertiesI have taken many courses to enrich my Real Estate platform.Created a Rent to Own CompanyWithin the past eight months I have done 15 JV deals - 22 doorsReal Estate GoalsMy real estate goal for this year, it to acquire 20 more doors by December.Currently seekingSeeking Qualified JV partners for multi-unit cash flowing rental properties.Private lenders or Hard money lenders, who will lend to Canadians to puchrase properties in the States. 

It's easy to buy equity here and find cash flow. 

Looking mostly at Buy and hold with a chance for cash flow.

My goal is to buy a few homes and have rental income flowing in. 

Through that, I learned skills and the flow of work sites and how to manage workers.

If you could hypothetically take $100,000 on a HELOC and turn it into $5,000 per month cash flow would you do that? 

Our goal is to increase our net worth, to help supplement retirement income down the road and to currently provide a stream of cash flow to enjoy some of the finer things in life.We both work full time in professional careers and have so far found a way to manage careers and the real estate business while keeping up with two kids (15 yrs & 20 Yrs old).