I live in single family home and pulled out a HELOC because I want to start investing and build generation wealth for my family.Please advice what is the smartest, safest and cheapest way to reach my goals Ty

I don’t wanna incur any penalties or fees, so I’m just looking for some guidance on this. thanks 

In our area they just passed a regulation that says that after 3 complaints they can pull your license to operate.

All they have to do is send 1k commitment fee to the lender in Target gift cards  :).. thats why HML / Private lenders that no one has heard of on BP get kind of a rough time at the start.

You will most likely have to pay HOA penalty fees, fees by the state if they have tenant rights in place and potential lawsuits from the tenants.

like repairs/maintenance, PM fee, utilities, taxes, etc?

For example - pulling equity out to do a fix and flip - you could get that capital back in a year and repay the 2nd.

I can most likely pull $2,100k per month renting it straight out.- Would just have it painted.

Pull the trigger and don't be afraid to let go of a property if it doesn't make sense.

I can pay carry cost for a few months... 3) I considered renting and Pulling 100% of my cash out and paying off the HELOC... the rental income would not cover the mortgage payment.