If you were to do a cash out refinance after the property is completed and take out that equity, you could pay off the heloc and lock in a lower long term rate on the home.

Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.

In the next part, we'll talk more about how to get along with sellers and negotiate, looking at how powerful good communication and using relationships to get good terms can be.

I would highly recommend that you focus on what you want to start out with first, flip or long-term rental.

Considering the ever-evolving landscape of Short-Term Rental (STR) regulations, What are the best 5 states in your opinion to build a STR portfolio starting today? 

Long story short, I had $150K equity in the duplex (due to appreciation) and was cashflowing very little - $5,000 per year.

Cost Side Analysis: Understanding operating expenses, capital expenditures, and strategies for effective cost management.2.

But real estate is a better long term wealth generator.

Depending on how long they are giving you to close - you may be able to go the hard money route.

You may also be required to show credit history in your country of origin for favorable terms/higher than 65% LTV.