Current situation Currently have 2 private loans that I am paying back original home owners.1st loan $15,000 left for House 2nd loan $18,000 left for Condo Then have one conventional loan that I owe $10,500 left on it.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

My security blanket is always “can I rent the property for my expenses.”

@Luis Vilar if you intend to raise money from investors (specifically not partnering) then it is important to understand the proper securities regulations.

If you have never been there, you have to go through a Marine security check point to access the city

After using Wells Fargo for my last two properties that I’ve successfully sold for a profit, using conventional loans, it is taken me almost a week to get from the same person I’ve been talking to for the last two houses to tell me that yes, in the security vehicle a.k.a. the mortgage there is indeed one line that says that I intend to occupy the house for one year. 

It sounds like a good strategy to me, as long as I'm patient enough to save up cash for that first property (assuming I'm not interested in private/hard money), and I'd have the advantage of being able to offer cash on purchases.My question is: is there a limit to the number of properties you can have refinanced or have a heloc (or equity loan) against?

You should ask for and get: Rent roll, leases, statement of income and expenses-last 3 years min-bank statements as mentioned above, list of security deposits for closing, and do a professional inspection.Would not hurt to verify taxes are UTD and no liens registered.

Look for private money lenders or take a personal loan.

A DEAL SECURED WITH MISTAKES: I did my first deal recently where I acquired 8.5 acres of vacant land in Arizona, but the mistake I made was I acquired it on terms because I didn't have all the cash upfront to close the deal.