Then renewal fees every year can be a burden but again at this point in one's REI career, the cost is outweighed by the opportunity.For a simple breakdown, here are the pros and consPros: MLS access, not reliant on someone else to see the MLS or to literally go view the property, ability to make money off of it, list your own deals..Cons: Fees (annual and upfront), continuing education of laws and regulation (i.e. time not spent on finding deals), always legally disclosing you're licensed, dealing with brokers taking a %Now, these aren't all the pros and cons but certainly some popular ones.

The information that you supply doesn't even have to be relevant to housing.

Is there a way to bring a partner in to provide down payment and reserve cash supply and then use a heloc to pay the down payment back within a year and have the property only in my name only?

I'm wondering how much rehab costs this would entail, and also how much of a hassle it is to deal with zoning regulations.

One leg from the power pole went out, and it so happened to be thr side that supplied the furnace.

If you take a heloc against your primary home I understand it's possible to get 90 to 100 ltv. After you get the line of credit are you allowed to move? How long must you stay there? Not trying to get in trouble here....

Otherwise you are selling it contract for deed which while legal is pretty tough to follow the regulations required of you.  

Day one cash flow is not the same as cash flow 10 years from now ... you need to make sure it is increasing on an inflation adjusted basis and that goes to the quality and long term supply & demand fundamentals of the neighborhood (hint: quality neighborhoods don't cash flow as well day 1, but do better +10 years).

If housing supply is low, what is the reason?

each Hard Money Lender could have a different process but generally speaking 10% is paid up front for supplies and then the remainder upon completions.