However, I’m the kind of person that is always thinking about the next step.

I’m looking to purchase another single family home to rent out, but here’s my problem:I’m not sure whether to pursue a Home Equity Line of Credit, a Home Equity Loan or a Cash out refinance.

From the extremely limited knowledge you have provided I’m not sure what value you are providing here.Typically the next step is going to be form some sort of entity to split the ownership

Hi, my name is Kada Hill. A father of 3 children and a wife. I just found out about wholesale real estate and is trying to work my first deal with NO LUCK. Does this really work?Thanks Kada Hill

Those steps I can’t break down for you.

Don't expect narrative step-by-step instruction to $1 million dollars.

I think the first step before contacting the home owner is to talk to the neighbors to possibly get a feel for the home and home owner(s). 

I haven't taken that step yet but plan to this year.

I found this distressed house in an A- / B+ neighborhood.Whats the next step to taking action to purchase this?

@Kyle JenkinsGood first step into RE.