Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.

Where the electric is provided by the city they have additional power to lien the property owner, some places will not even send the bill to the tenants only the owner.  

Hi Daniel, here is the sample one provided by Brandon from BP:https://www.biggerpockets.com/files/user/brandonat...There are some other sample applications listed under Tools--FilePlace in the Forms section.

BP, I’m trying to understand the Providence, RI market, specifically focusing on the supply and demand drivers of the multifamily market.

You've landed in the perfect platform to kickstart your real estate journey.

If you do find someone to accept a deed, if it were me, I'd only provide a quit claim deed.

Hey Kyle,I'm not sure about the listing, but a few things to consider would be to offer virtual tours or video walkthroughs of the property to provide prospects with a comprehensive view of the space, especially if in-person viewings are limited or not feasible.

One issue was a slow draining bathroom sink which I called my warranty service provider to snake at no cost.

Any tips/pros and cons on where to invest which will provide good cashflow?

the suggestions provided are for diversification for HNWIs - a syndication is not a savings account.