(House-hack)The main reason I'm getting into real estate is not only financial freedom for myself but to get my parents retired.

Make sure there is financial incentive for the contractor to complete the job and get the last draw.

I work in the financial markets and have always had a passion for real estate. 

My ultimate goal is to have side income through rental properties and to eventually reach financial independence.

But as reality sets in, I probably can't swing both financially at the same time. 

Most importantly I would try to get financial info from the association and make sure they are well managed and ask about special assessments above the HOA fees.

This is accomplished because 1) you can buy real estate with pennies on the dollar, 2) the power of financial leverage (being able to refinance out your entire down payment)I currently own:-5 plex in Massillon -2500/mo -4 plex in St.

There are a number of them that could work, depending on the numbers and what the required financial exit goals are of the seller.

Originally posted by @Tom Gimer:@Patrick MartoneIf you refi out of your HELOC, your line of credit will be closed and you will no longer have access to it.If you have a bunch of equity in the subject property, you could ask the bank to increase the line OR or you could get a new first and at the same time pay down and subordinate the HELOC.Hmm,  I'll have to double check, but the fine print mentioned something about getting up to 3 fixed-rate loans. it seems common across different institutions.

We reached out to selling agents, signed the CA, got the financials, visited the properties, talked to banks and got preliminary paperwork started to be able to write a LOI (Letter Of Intent).