I would take every penny of my cashflow and throw it on the HELOC until it was paid off.

If you can seriously live off your $2,000 cash flow then you should have no problem living off it now and putting away every penny earned at a W2 job as a heavy equipment operator.

We sealed up the subfloor with caulk and filler boards and the poured a nice coat of "floor leveler".

Thought I already explained to you what every real estate investor should do, but let us get it clear up front that my preaching is for the people who want to earn the most money they can with the money they have and I don't care to even discuss real estate with people who tell me they don't have the desire to, AT LEAST, check under every rock to, AT LEAST, find out what other avenues are out there.I don't care if someone is madly in love with short term rentals and they may be happy with the money they earn, but nobody should argue and say short term rentals or any other type of real estate investing is better than another without doing some serious research.A new investor should not invest one penny until he (or she) has checked out, studied and understands the math very clearly in regards to what type real estate investments will give them the best returns and what type investment is most-suitable and enjoyable.For myself, short term rentals have too many inherent risks, they requre 24/7 management and I like to relax on Sundays and holiday weekends and the costs for management, cleaning every time a guest moves and other costs are far too high.

There is also alot of work that needs to be done around the house like painting, repairing some rotten wood (decorative) around the exterior of the home, drywall repairs from replacing the copper pipes, finishing the tile in the master bedroom, updating the kitchen and master bathroom, painting inside and out.

@Gage GreenThe more you do the more likely you will get a deal.Gobigprinting.com or yellowletters.comPostcards are less than $0.75 eachPhone calls are freeSkiptrace is pennies per property.

On top of it all this China ban sentiments are boomeranging look at India for e.g. despite being iron copper zinc n other metal mining country lots of material comes form China; now current political situation has put limits on imports from China giving mining companies an brightest sunny day in entire history with prices gone up by 300-400% same is lumber glass you name it and now they will never allow Government to lift those sanctions.

Along with that, STR potential properties are costing a pretty penny due to folks realizing the income potential.

Purchase price: $130,000 Cash invested: $130,000 Current rental income : $700 (single unit occupied)Expected rental income once renovations are complete : $1900 (both units occupied)Renovation schedule: 1) Add 1/2 bathroom and remove useless coat closet2) Rebuild kitchen and update with new cabinets, counters, and LED recessed lighting3) Redo parking lot (big money investment) and refinance property If the property appraises for +$170k then we will turn this into a flip and move onto the next one!

After the second coat of paint the old paint still bleeds through in small dots all over the room which is evidence that someone was smoking in the room.I sent her the photos  of the dots and a video of a professional painter looking at the room confirming that there was evidence of smoking in the room.