@Aaron Rushtoni know your questions are very focused on the HELOC but... there are lots of aspects to a BRRRR, and financing is only one of them.and if you use borrowed funds for 100% of everything then yes, that's potentially less cash out of pocket, but it also increases the overall cost of your project, putting more pressure on the appraisal and refinance. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

hello, I'm looking to start my rental portfolio. can you recommend some up to coming neighborhoods in philly with good rental potential?

FHA streamlined (rehab <= $35k) - is it realistic to add enough value with maximum rehab cost of $35k in this area to add value to property/rents?

@Isadore Nelsonhappy to help - some of the expenses you're missing would be property management, capex, repairs, and vacancy / turnover.so for example - $1000 in rent - you might have $100-150 in property management, $50-100 in repairs, $50-150 in vacancy and placement costs, and capex would be whatever is coming due soon. a furnace, a dishwasher, whatever.it also generally costs half a month to a full month's rent to place a tenant. 

For this cost, $350 for the plus, I am extremely disappointed.

I'd look into Air BnB, VRBO, Furnished Finder, PadSplit, and perhaps even booking.com (I know a lot of STR operators use this, not sure of MTR potential but worth checking out). 

I just put the MHP below under contract with 0% down, 20 years amortization with a 10-year balloon.The frustration is because I don't see other investors actively doing this and these sellers and communities need it, badly. 16 spaces, storage parking, storage garage, community office, and potential expansion opportunities.

We have also had great success in Madison county, great potential!

Imagine you sold for $10.5M, paid $500k in commissions and closing costs.