The benefits of using a HELOC over a conventional loan:- No or VERY low closing fees- Fast time to funding (I closed a HELOC with a community bank in two weeks), - It's re-usable without applying for a new loan (think of it like a giant credit card)- Interest only payments are available during the draw period- Low interest rates (although they are variable and can change)Having an 80K HELOC is exactly what you want to do your one deal per month, and every deal will be 100% financed by someone else (the bank) at super low rates.If you go this route, you will not only have access to that line of credit, but you also have the income from the rental to cover the monthly cost of the line of credit.  

I got some data leads from List Source on Absentee Owners who had equity and ordered about 1800 letters from Yellowletter.com, which cost me about $2300, and also sent out 1400 post cards. 

@Sean Becker I used a very basic post card design I just tried to post the front of it here but don't know if it worked.

I could get this done for little to no money and little of my time.So should i form an LLC, have a website, phone number, and business cards starting out or is this a waste of resources and i should spend that time searching for deals?

Its treated like a credit card. 

The "gentleman" said its takes 2 days from the time the card is charged for the carpet to be cut and ready for the installer.

Debt is like a car payment or a credit card payment that gives you not return.

I don't know your situation right now but I can tell you the steps we took to get to where we are now: (Keep in mind we have been "live in flippers" for 7 years)1) pay off all your credit cards, loans, pay off your car ect...

If you wouldn't feel comfortable without a police escort and you dislike talking to the residents, it is not a good idea to invest in those neighborhoods.I'm not addressing the crime rate or perceived safety of a neighborhood. 

Here’s the best part, they charged my card again for another 12 months of service without my permission!