So, in this case, you get the best of all worlds - enjoying the most favorable cash flow situation that you can muster (the less you're dipping into the HELOC the better) - but if you pick the right opportunity you will also get the chance to actively manage some value add project(s) to a property that you're already living in.If you're married to your current house and living situation, fine. 

I would pass on a retail (priced) deal, you're overleveraged in terms of your time and energy to new projects.

Want to finish the outside concrete patio as one last large project and be done with improvements.Hindsight: Should have went with a 3-4 unit place but just glad to get started.

Are you hands on and want to do your own analysis or do you want your agent to help.Do you plan to submit 100 low ball offers around town every week.

I’m in Upland and can do work from home to help with bookkeeping, property management, or property analysis.

Just wrapping up a very similar project in Philadelphia.

I am motivated and determined, I want to get these wheels turning and start consistently doing multiple projects a year.

Contract out more of the work, started to train my wife to take the lead on flip projects.

I'm looking for a property to get me started and I'm stuck in analysis paralysis.

I have taken a much more hands-on approach to my real estate(not necessarily better, just a different strategy) and have taken on a lot of projects with my own hands for sweat equity to execute value add.