I’ve lost close to $600k so far in last 10 yrs due to lifestyle issues.

@Jingwen DunfordAs someone on the limited partner side.

I’m a 22 year old business owner & I’ve recently hit millionaire status, now I must say, I don’t feel any richer than just a few months ago; if anything, the stakes feel even higher.I’m a millionaire through assets, so cash on hand is limited.

I do not have any background or knowledge in real estate besides the few articles I have read here and there and of course the “Guru” limited information webinars/podcast/YouTubes.

I have W2 & 1099 income, solid credit, home equity and brokerage accounts/retirement savings, and some limited rental history (my first deal is a SFH 2 years ago).I've read about doing 75% bank / 10% second with seller, and "just" coming up with 15%.

Problem is we have limited experience in real estate and we do not know many investors.  

In theory I could use the HELOC that is available to me (limited) to pay off existing mortgages on 2 of my other properties, but that seems a bit like churning assets - the true intention of accessing credit is to buy other properties outright with cash.

Then, even if you get the loan you are limited by debt to income ratio ? 

If you are looking to buy 50K houses, that doesn't exist in your state, but those investments tend to be risky and best suited for experienced, local operators.Hi Brian,I wouldn't necessarily agree that due to a population decline in a state or city that's it's not a good investment.The micro economics paint a different picture than what can be found out online via research.There are areas in my market that are booming with sales and rentals flying of the shelf even tho the broad market is showing a decline in population.I think that majority of the markets in the Midwest are showing a decline on population anyway lolSomething that I have preached to investors for years now is that finding the right team to work with is more important than focusing on just the online stats/demographics.You are correct tho regarding turnkey outfits.Most are very shady and do oversell properties.Something that isn't a deal breaker as long as the property management is solid.In most cases it isn't so that kills the deal completely.Just my opinion.Thanks 

Right now All of my real estate investments focus on investing in turn key properties and becoming a limited partner in syndications.