I have also been told I can not do a HELOC either because they are investment properties although I have read and listened to a lot of investors on here that seem to be doing them.  

From the little I've read, Wichita has not seen the appreciation that Denver has.If you're looking for pure cash flow, then probably moving the money outside of Denver will get you better cash flowing properties.

Hi All,Always knew of BiggerPockets and have stumbled on the site from time to time, but after watching some of the excellent webinars and reading the great content on the articles, I went pro immediately.

Well for general considerations about whether to have an LLC for rental properties or not, check out-https://www.biggerpockets.com/renewsblog/2013/08/1...Read through the comments too as there's a lot of info in those too.One major comment would be, and an accountant or an entity specialist should bring this to your attention, is that rental properties and flips are two different things as far as taxes....passive income vs active income...and those should not be mixed under one LLC.

@Kurt Heise I'm trying to read between the lines here....are you trying to borrow on your investment property for your downpayment to buy a new investment property?

If you go to my profile and read the thread that I just posted about the sheriff sales to someone, it is pretty crazy.

While I was still in Hawaii, browsed off and on for a while, and read threads here and there.

As of now I was just going to flip them all with owner financing but reading more about Dodd frank I am having second thoughts because there are 7 properties 

The units in China now would sell for approximately 300k and 400k today, and appreciating.I want to buy properties to Buy and Hold to secure a steady income and wholesale properties, either concurrently or after gaining some experience from Buy and Hold properties.Thanks to everyone taking the time to read this post and thanks to everyone who has already contributed to this amazing community.  

The way the form read to me, I had to try to work it out with the contractor.