"Off market" can be good if it fits into your strategy of the time and effort outweighs the actual cost savings.

Although no renovations were needed, our efficient project management and market analysis ensured the property was quickly flipped for a profit.

Paying a deposit is cheaper than the cost of moving their home to another park, if they can even find one. 

You need someone like James Wise to chime in on this for management tips, if he has 2 seconds to spare. 

Your insurance costs are high in Florida so you would want to hedge toward the middle of the state as opposed to coastal.

My journey began with owning and managing my own rentals, which have seen tremendous success on platforms like Airbnb and VRBO.I bring a wealth of knowledge and experience to this table, which I'm eager to share with this community.

@Aaron Rushtoni know your questions are very focused on the HELOC but... there are lots of aspects to a BRRRR, and financing is only one of them.and if you use borrowed funds for 100% of everything then yes, that's potentially less cash out of pocket, but it also increases the overall cost of your project, putting more pressure on the appraisal and refinance. 

And whats even more impressive is that the numbers include property management built in so its much more passive then managing yourself.

I would like to legalize it and was wondering if anyone would be able to give me a rough estimate of the cost to convert the property to a 3 family.It does not have a sprinkler system. 

If rehab is needed, you can either use conventional rehab loan to finance your rehab costs or open a line of credit on a property that you may have then use that line of credit to fund your rehab expenses.