Cherie,Thanks for the vote of confidence.

It will save money and give you more confidence.

The biggest question is, can this property bring a sale price of $395k (or at least $390k) with a high confidence level and you will only know that by running the comps, getting professional opinions, and nailing the finishes and curb appeal of your product. 

I was very fearful of that initially, but as I became more confident in my abilities (and built reserves) I use my HELOC now. 

Building confidence in a system and confirming the numbers I ran on properties.

Maybe that's another post.The great thing is this is my first post asking for advice and I'm more confident in posting now.

Thankfully it did..now I have more confidence in the next one lol 

This poster has my opinions and that of others to work from.I personally did not start off my investment career by getting a real estate license but I suggested that it was a good idea because had I have got my license back then, I am confident it would have opened up many more doors for me earlier rather than later and allowed me to make more money per transaction representing my own deals or getting legal referral fees.

@David Chin a word on your Brrrr strategy, make sure you are very confident in your rehab budget, and the area where you are buying.

This is really a question of asset protection that is best answered by a legal advisor who you can confide in about the details of what assets you need to protect.