One of its most notable characteristics is that it is difficult, which is partly why Brandon Turner recommends it, since it constantly keeps you as an investor growing by keeping you “uncomfortably challenged,” in a good way.

The second time, I used the HELOC to pick up a six unit in Cicero which I was not able to fully cash out to pay back the HELOC.  

Had I told them I will use the loc to buy a giant trampoline to host a block party, it would have been approved.

If I find a potential property that is priced below market value, am I not able to put it under a contract because I can't show proof of funds?

ALSO, for "Mom", Nothing unusual here, IF the Husband and Wife ACTUALLY have verifiable income and other issues checked out ok, they will be the primary parties and are likely helping out an elderly parent that perhaps lost a husband to divorce or death and is not able to support herself at this stage of life.

@Marcos MedeirosIf you're not able to invest locally or are not able to get the returns, you are looking for you should invest out of state.

Yes, there would be no reason to have you on the loan if you are not able to qualify, unless your income is the source that is being given for your debt-to-income ratio. 

Fair enough how does it work if there’s ever a period when a tenant is not able to pay rent how to do you cover yourself?

@Chris Davisson I'd love to hear the rationale...Newark is the only real established city and you can stand on the street, throw a rock and hit a heroin addict anywhere in the city...Buckeye Lake had a decent run back to normalcy once the dam was repaired and they stopped the fecal matter from seeping into the water...Granville is a village...college town...0 growth, but a cool spotOther than being a nice drive in the summer on US16 it's about as plain as Ohio cities comeMaybe he is talking about that building shaped like a giant basket...

How about BPCon in San Diego coming up in September/October.Also you have company agnostic NAR conference every year.Depending on where you are there may also be a company agnostic State Assoc of Realtor Conference in your area/state....those can be good...depending on what your goal is.At KW we have two....giant 15000 person type 3 day conference called family reunion.....always has provided me more value than I put into it....but everyone is different...I got to every class I can fit in...some just go to party, so not sure if that is good value or not.