They've both been great about answering questions.PS I think the answer re: cap gains will depend on whether you lived in the house.

Renting it will take about 8 years to repay the line of credit and gain what i would earn selling right now.Selling seems the obvious answer but I appreciate any feedback.

I may be way off base but I believe once that first deal happens and that experience is gained, the subsequent deals will be easier since you have that experience and confidence, and you're goal will be much more clearer which may make you adjust that goal. 

My primary goal at the moment is to become an Agent in Los Angeles in order to gain access to the MLS and begin learning more about the market.  

Looking to partner with someone experienced in multifamily projects that can help me gain experience. 

Cash flow is nearly non existent but if you can hold onto property over time you should be able to make a to considerable value gains.

I have been trying to gain access to a HELOC, but am having difficulties because I am just outside the DTI requirements.  :(  That is my plan though!

Hello BP members I am a newbie here on bigger pockets, I join to gain more knowledge and network with people through this forum, and especially in Houston, Tx where I am currently located. can someone tell me some title places in Houston mainly Sugarland that will do double/simultaneous closing.

But I do not believe these proposed tenants of yours can gain lawful employment without either a SSN or an ITIN. 

I am just super confident that this is the way to gain financial freedom in the near future.