One mistake could extend the tenant's stay for months without any income, not to mention the stress it could cause.

The strategy involves using the HELOC for a flip to generate fast cash, reinvesting profits into long-term rentals, or exploring alternative ventures like short-term rentals or partnerships.

Are you currently holding rentals here, or are you considering entering/exiting the market?

On the private side, we fund in a couple of weeks.

The ones in the Facebook groups seem to be scammers. 

I'm paid fairly quickly, at the time the assignment occurs.- go through all the above motions, but this time I don't assign the lease and option to the tenant-buyer.

In my experience, being around growth like minded individuals is what has allowed me to grow the most.

Quote from @Paul Cijunelis: The property owner fills out the form, along with their agent/PM.

I think paying off a loan with a high interest rate debt and adding to the principal is one way to stay liquid within the property. 

The higher risk an area is the higher the cal rate would be.