However, nothing ever runs perfectly smooth and here are some of the newly learned lessons.

Being a landlord and ensuring everything runs smoothly is not an easy task, even under the best of circumstances.  

That doesn't necessary mean high-end features or lots of bells and whistles.Make sure the walls and trim are as smooth and crips as possible. 

We are thinking working with Fund Launch to make it more smooth simple ride for us to create the fund for the first time.

Although once i got a good crew together that understood what i needed and when i needed it....it was smooth sailing.

However the minute I hit the 2 year mark, it was all smooth sailing.

I hope the closing goes smoothly! 

How do I get this property under control, self sustaining, and running smooth so I can start hunting for the next deal?     

I need $100k to close on the deal this week, but the process isn't going as smoothly as I anticipated.

In this case you would get your full $80K back to pay off your HELOC balance and have almost no money in the property.Obviously, it might not work out that smoothly, but that gives you an example of what is possible.