Lastly, get accurate renovation estimates before buying to avoid surprises.

Last month, there were only 4 wholesaling deals posted on my local REIA’s Facebook page.

The last thing I want to do is sound like another telemarketer.

Lastly, you’re right.

I agree the timing is not always ideal but I try to buy where I can rent STR, LTR, flip and last resort live in.

My last tenants lived there for 5 years without a problem.

Look at deals that have closed in the last 6 months.

Lots of good information here -- just remember that during last housing crash, a lot of HELOCS got frozen, useless to those who counted on them or actually harmful to those who had a big balance and had to keep paying it monthly without getting to use it as they planned. 

Last thing I'll add is that I would expect to be able to pay off the mortgage within ~5 years.

Ashley,I've built up several rentals over the last several years, but this year my goal is to simplify my portfolio focus on larger multi-family here in north Texas.