So, does it really matter where a worker is located? 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.

You wanted feedback so you could decide on your course of action before the summer.Any updates as to your decision?

Average rent in this area might be $1100-$1300/month if you have a nice property but this one is outdated so you would probably get $950/month.

So, your portfolio will actually be sucking cash out of your life, if you buy a traditional long-term rental using a HELOC as your down payment, for many years. 

This is the real estate version of “dollar cost averaging.”So even though home prices do go up and down, they tend to go up overall.If you get in the market you are getting a piece of the pie, versus waiting and missing out.For example, you might end up selling when prices are lower, but then you are buying a new place when prices are lower too.

Unless you do them all at one time, you have origination and closing costs on each house…so perhaps you pay up front to split the land.Obviously, I am not a developer and someone who is may chime in.  

So, for those folks I need to look at their tax returns because that will show me income and expenses for a whole year. 

The decision would be based on the income situation, so I'm not worried about violating fair housing laws.Lesson learned...

Good contractors don't walk off jobs and they can justify their bid with a written estimate showing cost of materials and labor so you can compare it with any other bid.