A few hard money lenders can close in as fast as 48 hours, which helps compete with all cash buyers. 

Hello BiggerPockets,I'm seriously thinking about using Home Equity Investment (HEI) to become debt-free, but I want to make sure I understand all the details before diving in.

It is all really overwhelming, but I am determined to make this happen.

Tenant pays all utilities but garbage.

Hey all wondering if anyone has any specific method especially for a newbie for doorknocking to find off market leads.

Under IRC Sec 61, Congress intends to tax all gains or undeniable accessions to wealth, clearly realized, over which taxpayers have complete dominion.Treas Reg Sec 1.61-1(a) provides that gross income includes income realized in any form, whether in money, property, or services.

That's just the nature of a TK property though.

That takes my time most nights, and weekends to receive/pack/ship those products but is super flexible with time.On top of that, I self manage 6 of my own rentals, the cash flow pays for my current mortgage and repairs so it makes living in my primary house free.Experience now:My wife and I have 6 rental homes locally, all rented, all cashflow.

@Kenneth Soles  I have done this too many times to count.and after all the years of dealing with folks that lost their home be it tax foreclosure ( very very rare on the west coast by the way)  or Trustee or Sherrifs sale ( most common).Rent back can work but usually turns into an eviction shortly .Sell it back is another pipe dream.. unless your willing to owner finance it.. then you have the dodd frank stuff if you want to be letter of the law compliant.

The property seems very appropriately priced based on all the upgrades and already has a tenant.