It is the exact same layout as the other 4 apartments and has 2 egress points in it so I'm not sure what the hold up is on the CO for it, but that enabled me to not get a commercial loan, because the City of Cincinnati considers it a residential building. 

A HELOC can be nice, because it enables you to act quickly. 

We are very new to the process but wanted to get into it because having a renter would allow us to supplement some extra income and help pay toward mortgage while my wife stays home with the young ones.We have inspection today and if all goes well, we'll be signing off with mortgage broker tonight.Our broker needs insurance information, but we don't quite know the best way to insure it knowing we will in the very near future rent out the basement.  

My wife and I are discussing buying our first rental property with the aspirations of having 3 or 4 to supplement our current income and hopefully fund college for our children which are still young.Our plan was to buy a home at 50-75k and rehab it with 20-25k and then rent it for 1-1.2k.

At the moment I'm looking to supplement my income.

approximately, how much of each down/closing costs(per deal) were you able to recover, percentage-wise, of that money on your cash out refi to enable you to reinvest in another hold?

Not a lawyer so no legal advice, just a question:  Wouldn't filing for bankruptcy protection enable you to keep your primary residence and also possibly have the courts help you to go back on monthly payments for your tax debt? 

This will enable you to accomplish more in a shorter period of time than if you rely on just yourself.

I would ideally like to transition fully into real estate investing in the next year, possibly by supplementing with a few traditional real estate deals once I pass my real estate licensing exam and get sponsored by a broker.

@Frank LaQuagliaIf your goal is to spend the least amount of capital, then compiling your own list from D4D, going to your assessor's office, and other means of doing the work, and printing your own mailings in house will cost the least.If your goal is to scale up and do decent amounts of mailings to have a solid pipeline to enable consistent deal flow over time, eventually you're going to want to outsource the your print/pack/ship of DM.