Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.

I am a 27 year old, born and raised in the metro Detroit area of Michigan, a former collegiate gymnast at EMU and Pitt, a current Manager of a CS team at a highly functional Sports Tech company, AND (most importantly) I am officially a new homeowner as of today!

Avoid any company with the initials NW...

Also does not take into consideration setups costs if not paid by the solar company.

Whether you'll be self-managing or hiring a PM company, your experience as a house-hacker will help you create and refine systems!

I had given him notice that we were going to have a company conduct a property inspection on the property and he stated to me that he will allow a company to come in and inspect the property.

If it's over 50 units there are companies that will pay for, install, own and operate the system and will pay you a lease payment.

@Tom JordanHere's a start: 1. start a buyer's list (or use existing from company)2. various forums3. daisy chain with a wholesaler to tap into their buyers4. reach out to brokers who sold similar property in the greater area5. reach out to owners who have similar property in the area (particularly recent buyers)If the commercial space is < the residential space and there is no more than 4 units total, this could be a good option for an FHA/conventional buyer.

Seller's also have to pay an attorney/title company to close, complete a smoke cert, recording costs etc. 

What are the best turnkey rental companies?