I also found a small local community credit union who will write first position HELOCs.  

As a result, we need about 3.2k per month for mortgage + property taxes.

If there is a PG, then I recommend looking to start selling some off ASAP as the longer they are in default the accrued and default interest clock keeps ticking. 

I have read and watched a lot about it so I have surface understanding of how it works, but I feel that I do not really know much about details like tax implications , among other things that could influence my decision to start investing.

Some are looking to network with more experienced investors to bounce ideas off of and/or potentially JV with.I think BP is a great resource for all of the above. 

It's generally coinsidered that you don't need an LLC until/unless you have many properties.The advantages you may hear about - liability protection and tax savings - do not really exist.

Because my current property has a $150K mortgage, I would either pay cap gains on that pay off amount at closing or...2.

Hi everyone,I have a few questions regarding the tax implications of flipping a property in Florida:1.

Two years are too long, they will put it off for the next 18 months and it's also hard to gauge what the market will be like.1.)

What's the rent. taxes and insurance?