What measures can I put in place to reduce my risk as a landlord?

Can they ask for excess proceeds, resulting in an auction in which I would only recoup my costs plus approximately 0% in interest?

I had a good handyman on speed dial.

Hey @Brett RiemensniderThere are a TON of banks/credit unions that will offer as low as Prime on a heloc on your primary residence.

The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!

Due-on-Sale Clause If transfer taxes are not a concern, the next consideration is the due-on-sale clause, which could lead to loan acceleration.

I focus on quality not quantity.

@Michael VelezThe best thing you can do is join a local real estate investing club.

I can tell you this academy is a real deal!

If your market is tight it can often take a while to find the right property.