Skip to the 6:00 mark to get into the nitty-gritty.

Quote from @Josh Wells: Hello everyone,Does anyone have any experience in the Victoria Texas area with rental?

Mostly on trade accounts with local businesses for the materials, some business credit cards, some of the contractors were OK with waiting 30 days for payment. 

Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?

Thanks for the responses!

Is anyone there at this time of the year who wants to connect?

If you are planning to pay the HELOC back after each flip but then draw it right back out to buy the next one, you will have a loan balance most of the time and a refinance might work just as well for you.

What's the alternative and what's the question.

It would be more like $5500 per month...and that's just the P&I.  

@Tanya Maslach What was the asking the price and what was your original offer?