I left my W2 several years ago to go into real estate full time. here is what I did:1.

Because you said the reports are clear-so in reality-the risk seems contained at this time.

Those properties pose more construction risk than acquisition risk so you really have to know what you are doing.  

It's just simple risk v reward for me.

charles,I have run across several properties in Lubbock that have back taxes for years!

I made this mistake with a LARGE sum of money early on, and even lost some of it completely on high risk investments as I was trying to "play like the big boys".

Hi Edwin,  Congratulations on your current real estate investments and saving up emergency funds.it's essential to consult with a financial advisor or real estate professional to assess the potential risks and rewards of accessing the HELOC and investing the funds.

Then, several single-family homes could fit the bill.Aiming for a cash-on-cash return of about 8% or higher is a solid baseline, but remember, this can fluctuate based on many factors including your specific market.

The height vs BFE is determined for this area and is considered high risk (as with any waterfront home that is not raised up, I assume).

It has been an interesting project for sure but I think everyone has to analyze their own risk tolerance and profit projections.