Yes, I worked with myself, and I highly recommend myself to anyone looking for concierge-level real estate service :)

Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

My worry is even after I have the down payment saved, I may still need the HELOC for repairs needed.

Hey Mark, here are some quick tips:-Ask about DSCR: Check what's their minimum Debt Service Coverage Ratio (DSCR).

I talked to asset protection companies, Prime Corporate Services and Anderson Business Advisors (both have mixed reviews).

You will more than likely get a higher rate then what you have now but its a simple short term loan that you can refinance in 12 months to lower the rate when rate drop next year (which they will).Use the cash for the DP but I would also advise taking out just a little more as a "What if factor" to cover any unforeseen issues or last minute repairs.

Data for this report was obtained from City records and the Valley Multiple Listing Service.

With repairs and maintenance, at the end of the first year we have a net return of negative -$9834.

Thank you. buy from wholesalers, you cannot buy from the auctions as you do not know how to determine repair costs?

My spouse and I own a business in the construction/home services industry.