So if I spend 30k, then I sell the house for 200k it would pay off the primary note for 100k, then the HELOC for 30k, and leave me with 70k to put down on the next property?

Spend an appropriate amount of time researching, reading, and learning obviously but time is money when you’re growing it exponentially.Since you mentioned “getting out” versus retirement then I figure you’re just hitting your ETS.

I personally don’t see the downside to any of this, I’ve calculated that I’ll spend a month of my life in the grocery store, not including traffic and parking.

First thing you should do is spend some time on BP and with other investors and get educated.

Read Tip 5.Tip 5: Until you know the law and the market, you should hire a professional to handle the investment for you. i understand you can learn a lot from wasting 18 months to evict a non-paying tenant but you could spend 1/10th that amount hiring a professional and then learn through them.

That is how you will know how much you can spend to get the property and how much profit you can make.

It gives me more time to spend with my kids.

For Florida there is a excellent book with all the forms by Warda called Land Trusts in Florida.You can also look at Mr Land Trust aka Randy Hughes https://www.landtrustsmadesimple.com/I would highly suggest that for your first land trust in that state you either spend the money with a comprehensive course specific to that state or hire an attorney knowledgeable for that state.

Th 203k loan can be interesting, but it is a very inefficient way to spend your money.

You'll spend more time and money trying to mask it.