You would have ongoing filing requirements with the State and would need to keep business records and documentation.

My gut says don't sell and keep buying but just feeling very stuck.

I'm trying to put a rough SOW together but keep running into a wall with rehab budget estimates.

To keep going, join local real estate groups, get a mentor who knows your chosen area, start with small deals or team up with those who know the ropes, and keep an open mind as what you like may change. 

@Ryan Carr keep rocking the honesty and you'll attract the right clients:)

Generally speaking, HELOCs are more suited for personal expenses or home improvements.Also, keep in mind that most lenders right now are capping at 75% LTV for a cash out refinance, not 80% LTV.

I househacked in Denver renting out my walk-out basement and it was a better financial decision than to have a long term rental.As for timing, if you were going to rent for a year while you look for a property anyway, I'd keep living at parent's house and look at property aggressively during weekends or weekdays after work.

I have a "keep me out trouble" deposit with an eviction attorney.

Soon it becomes unbearable and they can't afford to pay it, but you keep adding it up and it becomes even more unbearable. 

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