I hope to bump into you (and others on this thread) at upcoming networking events.

I am not sure how easy it would be to restart operations after such event but it is also something worth considering. 

Be sure the numbers work forwards and backwards in the event you cannot get rents to your desired levels.

The "trade" is never equal..... the work is often crappy, if its done at all....If you want to hire him, then hire him and pay him for the work as a separate event from the rent.

This could mean different things to different people and I think certain factors affect whether or not something is a good deal or not, experience (a good deal for a newbie is different to seasoned investor), location ( a good deal in California could be a horrible deal in Indiana), strategy ( a deal could be bad for a flip, but really good for a rental), skillset ( someone who is handy can save more money on labor opposed to someone that doesn't know anything about handy work, also someone that can manage properties opposed to someone who isn't cut out for it, etc).

I'm in Virginia, but if you go to BiggerPockets.com > Network (in the top ribbon on the home page) > Events, you can find all the meetups happening in your area based on zip code. 

I only say this because if your mom plans on passing the house down to you in her will, that would be more beneficial, as you would get a stepped up basis on the home, as opposed to paying for it on the market.Happy to chat further if you want. 

This way they will be able to sustain themselves in the event of me being unemployed or some other interruption of income.

Hi there, please shout out if you're attending Grant Cardone's free 10x event in Burlingame this Sunday.

I don't really understand the benefit of using a HELOC if you're going to make monthly payments over time and end up paying a ton of interest on the equity in your home, but I'm admittedly not a very finance/business savvy person and maybe that is a better gig than paying closing costs to pull equity out on a refi as opposed to using the HELOC.