I had always wanted to own property but never took steps to educate myself on my goals (sounds stupid to even say that).

One of my goals is to get to my freedom number within three years.

My goal is to have five long term rental properties in the area before I retire there in 2019 and then start employing the BRRRR strategy when I am closer to the properties.So to finally answer your question, kind-of turnkey, as in the property that I am looking for is rent ready, but I don't work with a turnkey company as I prefer to use my own property manager to screen tenants.

What I was thinking about doing is taking out the HELOC in order to make some improvements to the property using OPM and hang on to my cash.Given that I am putting down 25% on the property it seems like I would have enough equity to get a HELOC but I'm not up to speed on how HELOCs work.If there is a better option to accomplish the same goal that you can suggest I would love to hear it.  

Share our mistakes,goals and more importantly our journey into success.  

What I was good at was running a business, I started my own at the very young age of 19, and what I did have was the desire and determination to succeed at my new goal at that time - real estate.Start small and flip a house.

Forget about instant gratification and work towards future goals.   

I have the ability to access a good amount of cash for a down payment on a property through a HELOC if I choose.

I have the ability to access a good amount of cash for a down payment on a property through a HELOC if I choose.

Our goal is to have our first contract flipped by the end of September.