I am currently 19 years old and I have a MAD desire to be financially free.

@Donovan VicentiInvest in Debt is one group I've heard about but have not yet attended personally.ABQREIA is the only group I attend, but I missed the last one due to travel.Check the meet-up dot com site and other forums here to find others.  

And then of course your debt service if you really want to figure positive monthly cash flow.does it work out on paper?

In addition to cash in cash returns and capital gains at sale, I also look at the debt coverage ratio to see if the property can support its debt service in these scenarios.  

I've considered it but have not executed.In regards to the heloc if I understand things correctly you will not be able to take out a heloc on a investment property but simply a loc or a blanket/commercial loan depending on the financial institution you decide to approach with the situation.

The bottom line is that self-directed Solo 401k can be great tool for you in your overall financial planning and wealth building plan. 

Find out who owns the property through county records, determine possible debt and date and amount of current purchase. 

(I guess that debt has to be paid off by someone) I would love to fix up some of the abandoned communities and convert many to gated communities I just have to do more research and analysis on the economy/recovery.

I read a really good blogpost, https://www.biggerpockets.com/renewsblog/2015/05/10/invest-out-of-state-how-to-analyze-a-city/ that talks about a city's Comprehensive Annual Financial Report (CAFR).

I am a IT Professional who has a love for financial planning and passive income.