On the surface it also sounds like you have a lot of local support for managing and maintaining the property but I suspect that will kill off most of the returns.The real information is somewhat hard to come by as the developer controls much of the market, the rental management, and a lot of the previous pricing data as they didn't report to MLS for much of their history.  

Off to my bank I went and I cashed out.

Ease off the gas pedal local governments, holy sh!

I have worked with Darlene off and on for 20 years, so she has seen the highs and lows.

Is it worth it or am I better off just continuing to read articles, forums and videos in order to learn.

I know I pissed off the 2 buyers agents that wanted 3 %  for bringing a buyer when I told them lets pretend its July and since you work for the buyer any payment you get is between you and  them . 

How would you explain these buyers terms to the seller. ok. 30 year amortization means the monthly payments are based on a 30 year loan, but at year 20 whatever the balance is they pay it off then (balloon payment)Personally I would NOT accept any of these offers.

It's just about finding deeply discounted or off-market properties.

Hey Matt,I aggressively built a 12-door rental portfolio from 2019-2021, largely leveraging my HELOC.I always tell people that it's a fantastic tool as long as:- You can COMFORTABLY service the extra debt- You have a plan to pay it offI was ok with the extra debt servicing and my payoff plan was simply finding off-market deals, paying cash, doing cosmetic rehabs, and refinancing when done.

The downside of the HELOC is the interest rate is usually higher so you will want to pay it off faster.