Our hope is that it will profit enough that we have enough "seed" money, that we won't need initial financing for a property.

I'm in process of a slow soak of real estate investment knowledge.  

I'll keep soaking up everything I can on BP.So I've read a few things about getting started.  

Looking to soak up as much as I can on here--I'm a part of Milwaukee REIA and specialize in probate real estate, so learning the investing perspective is critical for me.Thanks,Zach

Every problem contains the seed of opportunity-- as long as you have the perseverance and tolerance for it. 

You try to vet out the bad seeds before you give out any personal info. 

We could then use this HELOC as seed money to begin our investing in other homes in the area. 

Most wholesalers plant seeds of deceit in a seller's mind, doing that in a foreclosure can bite you very hard, my advice, don't mess with foreclosures, auctions, short sales or listed properties.

If we get an 80% mortgage on it and pay off construction costs it could be a net profit of $25kish(seed money for more investment property).  

Just keep soaking it in :)  Also, uploading a profile picture is always a good idea!