Every lender is a little different with the fees and rates they charge, which also plays into their compensation.

If you are able to find a home with potential and get qualified for it then it's definitely a good idea.Just know that with a 203k loan there are going to be limitations/guidelines:- There will need to be a HUD-approved consultant at the job frequently, and you will need to compensate them- The ARV should be reasonable for the amount of work you are planning on putting in- Some additional appraisal guidelines may varyIf you'd like to talk more about 203k loans or any renovation loans, definitely reach out, I'd love to help!

If the market you analyzed doesn't work, it doesn't work...don't invest there.Does the negative CF waiting to happen (50-100/m) include compensating for the payments on the HELOC? 

A lot of other compensating factors must be validating but it’s worth a shot.

Firm believer in having a strong team and compensating for quality work.

So I did some internet sleuthing.If you are managing for compensation and for another, you need a CA broker license: CA B&P 10131This Real Estate Bulletin talks about a broker's responsibility to supervise, and how they prosecute "rent-a-broker" (aka Silent Partner?)

If the tax goes up that much, will you be able to increase enough rent to compensate?

Apparently it helps you determine how good your market does in compensating you for “bad volatility.”

I'm bot compensated by them to promote them but I've used them on over 100 properties the past 18 months.  

Yes you can get hard money as a new investor, however there will generally be a compensating factor.