The excess we save and if we have vacancy or repairs, we got cash to handle.

1,125/mo rent = +13,500/yr-1,125 vacancy-1,350 repairs/capex (10%)-7,960 mortgage (110.5k @ 6%)= 3,335/yr remaining for taxes and insurance, or about 2.5%Are your taxes and insurance incredibly low in Savannah or did I miss something on my math?

This also loans you for the repairs and you want to add-value while you use them.They usually require you to live there for about 12 months.

I am having a hard time figuring out how to get a wholesale property inspected or repair costs verified by a general contractor before I put it on contract. 1) First difficulty is finding a good contractor to look at it before it's under contract since the good ones I know wants it to be on contract first. 2) The second difficulty is what if someone else puts it under contract while I am still having it looked at?

It did not qualify for VA, so I bought the property, we did the repairs and she used her VA to purchase the property from me. 

I feel like this will be enough to make the repairs I need to get the home rent ready and bring the value up to $175,000 when looking at other comps like mine.

I get $25k down nonrefundable, above market rents on a Lease Option, let them do all maintenance and repairs.

We got the HELOC did the last of the repairs (roof, new carpet, new appliances and touched up paint.)

I am having troubles on figuring out how to effectively execute a HELOC strategy for house repairs and for future investing.heres My thoughtsCurrent situation: have an excellent rate on a mortgage at 3.625%.

@Joe Villeneuve I don’t disagree with you I think in general the 30 is better but using dcf sometimes the 15 comes out ahead financially.