@Megan ClancyIf a bank is charging you for anything other than maintenance fees on a HELOC, they are being shady and please share the intel.It's good that you're posting on BP to double check with everyone, better safe than sorry.HELOCs are especially awesome in rapidly appreciating markets where your investment properties can become leveraged piggy banks.

Call @Frank Boenzi at Bellabay Realty Grand Rapids, MI - great market up there!

Before a Starbucks, there will probably be a lot of Entrepreneurial Coffee shops, then small franchises will open up like Connecticut Muffins, etc.There are a lot of hints which you can get, including major projects which you can find on the City Websites or just by scanning the Internet.There are a lot of people on BP that will tell you that you should not depend on Appreciation.

If I had ever tried to actually take action to move off any of these paths I would have had a huge improvement rapidly.4.

I can scan documents on the go and e-mail a copy directly to the tenant.

After browsing this post and seeing where posters are from it seems like Grand Rapids has done well cultivating a nice group of RE investors.

The time you spent researching Turnkey providers, talking on the phone with them, due diligence, talking to lenders, scanning and gathering financial documents, looking at inspection reports, closing, talking to PM about repairs, etc. took hours, probably dozens of hours each property, if you're lucky.After the dust had settled, it's possible to spend 2-3 hours on a property per year, but you need to factor all the backend and frontend time.

This one might be a lot of work for a little return, unless you plan to rapidly build your portfolio and get professional management.Oh, and I doubt if any contractor worth his salt will bother with a walk through for $50, unless s/he is anticipating getting a lot of work for it.

The neighborhood borders very upscale Miami Shores and rapidly gentrifying Little Haiti.

Every time I get a mailing, I'm going to scan it and post it here with names and addresses redacted (I don't want to promote or put down anyone, and I don't want folks to go out seeking my address and spamming me so they get their name on the forum).