So effectively I don't have a team.I've done all cash buys with a return of 7% cash on cash [no associated mortgage].I don't really have a network - the turnkey company is my PoC and they manage everything end to end.

If you go into this asset class you are going to deal with court filings for non payment so that will be a pain.

It doesn’t matter if I have positive cash flow from my investments (or not), as long as the revenue - expenses - depreciation is negative, it’s a tax saver.

Cash out refis ok, but may result in slightly lower loan sizing. 

My client's cash flow is going up by almost $1,100/month, so he's very happy with his FIG purchase.  

Few things off top of my head are: - Reviewing existing lease agreements          - Rent roll           - Tenant payment history, on-time payments?         

What is your actual average cash flow now?

A better plan that using this HELOC for a down payment would be to keep debt to a minimum so that your DTI is exceptional, and save up from your income for the next down payment.  

Purchase price: $180,000 Cash invested: $37,413 Sale price: $325,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Ron Rowan, successfully completed a fix-and-flip on W 136th Ave, Cedar Lake, IN 46303.

Let the family know where they can send the payment and by when you expect it.