I have a live-in (22 year old son) rehab (pt Loma) starting Dec 1 if you desire to see the pre-rehab condition reach out to me a couple days before Dec 1.  

@Derek LeggettWelcome to the community and be ready for a huge amount of information at your finger tips.

Hello there @Allante Loper - Welcome to the BP community!

My goal is to build a sustainable rental portfolio that provides great housing for tenants and solid financial returns.I’m looking for advice, insights, and connections from experienced investors or local professionals.

You would also need to be at the project site every day watching the work and managing the contractors.

My other question is that the listing agreement states that we are not allowed to sell to any client that he brought to us during the listing period or he will be owed commission.

If you are planning to pay the HELOC back after each flip but then draw it right back out to buy the next one, you will have a loan balance most of the time and a refinance might work just as well for you.

I've heard of people having pretty good luck with mid term rentals in Rochester because of the Mayo like you said.

Another option here could be to buy down the interest rate a bit. 

If you want someone else to put up the money you need to provide significant value to the transaction.