With the skill set and right mentality, I do think value add opportunities are out there whether it be in Albany or Troy.

Andrew sir, I'd have to say it's just not worth the few hundred dollars a month you may benefit from renting out another room - morally, legally and mentally should something go wrong. 

Coupled with not being licensed it creates an aggressive mentality towards representing a deal better than it really is.

I got that never settled, always looking for more mentality, so i'm trying to learn every avenue firsthand.

One will show up and you want to be prepared financially and mentally when it does. 

However not being educated on this matter can cause you to waste a lot of mental and emotional capital when looking for homes.

I have some ambitions that some might consider lofty, but I've finally snapped out of the rat race mentality, and did so at the ripe age of 39...

You'd better believe that I will be there EVERY single time, mentally present, and engaged. 

@Jeremiah Miller When you draw on the line of credit, your HELOC, once you exhaust it from buying assets........INCOME PRODUCING assets, not boats or toys..., you should or could refinance that heloc into permanent financing.  

As the money is made on the buy, finding a good value is key and not getting sucked into the "I need a deal" mentality that often pushes people past economic sense or scope of work on their reno budgets.