It's always cool to see other health care people on here, I am an ICU RN.

I tried to explain this presented a health risk to potential clean up guys while I was exploring the potential to build another unit on the lot.

Health care is up, taxes are up, sooner or later the rest of the economy must compensate.

You also can only obtain a few properties rather then numerous properties because you use up your debt-to-income ration.Your friend also says it's bad for the local economy for investors to come in.

I live just outside of Orlando, and I pass numerous vacant houses each day.

Here is a numeric example to illustrate what I am trying to achieve:purchase price + rehab: $100K = $20K cash + $80K from HELOCARV: $133Kcashout refinance 75% of ARV: $100K goes pay off HELOC and keep $20K cashThanksNick

@Lora Hish for numerous reasons the property needs to be owned by an LLC.

I have done this numerous times with loans for operating capital, or loans where individuals did not want their funds returned after the sale of a specific property.If you have a different free and clear property, you could secure their loan with that, or any property with substantial equity, could even be your personal residence.

While I don't think your intent was to bash on us and I agree with a lot of the comments you made I've had numerous renters whom have made me cry because they got the house they wanted and wanted to thank us for giving them a chance.

There are numerous people on BP flipping in the 150k range because their market has an abundance of outdated/cheap houses, a stable mid-level economy with low crime & low unemployment, and a premium of buyers that want updated homes.