In fact, a number of exchangors made a business of acquiring cheap, mostly useless residential lots (those with no utilities and about 30 years from any hope of development) just to put them together with some $ and trade the combination for a income producing property.

At the time, the property was only producing about $1,100 a month in rent.

The proven strategy is value add with a liquidation event in a few years, can you come up with another strategy that produces returns that your investors would be satisfied with?

It's an awesome process and they produce an amazing product. 

Ideally, I'd like to select a property that would still produce positive cash flow after a year of living there myself.

As a new agent, assuming you do not have a large network, I would join a highly producing team at a well known brokerage.

I want to use my cash flow to pay down the HELOC and keep using it until I achieve a Portfolio large enough to produce a healthy buying power to sustain growth.

I want to use my cash flow to pay down the HELOC and keep using it until I achieve a Portfolio large enough to produce a healthy buying power to sustain growth.

The two chemicals together produce chloramine gases which in high enough concentrations can kill you.

I was thinking to "house hack" the property by listing on Airbnb that way I can live in the property to follow FHA guidelines but still produce income.