But frankly, the way for this to work is to go high speed, buy-rehab and sale or rent but fast, 2 weeks rehab 1 month to close/rent, that's my goal, even paying little higher to the contractor will payback because of holding cost reduction, just find what is a good balance for you, we all have different approaches, I think speed it is key when the margin is not that big like in MHs, but is a good steady income, good luck, just close one and next one will be easier and faster

@Michael C.You should get an LLC if you know the benefits that they provide and you feel like you need those benefits.There are costs associated with organizing an LLC - If the benefits of the LLC out weight the costs of the LLC, get it.If the costs do not out weight the benefits, don't get it.

I don't think it will work for my current situation though.I'm curious: How does a 1st position HELOC help pay down the mortgage faster?

You could try some wholesaling or flipping to grow your equity faster.

The better the deals you buy, the faster you'll create wealth, but as long as you hold, you should come out ahead in the long run.Buying turnkey is a slow wealth builder with low-involvement. 

My wife and I have been slowly growing our SFH buy-and-hold portfolio and are now at a point where a) we want to grow faster and b) have gotten to a level of sophistication where we feel we've outgrown our existing accountant, who is not an expert in REI and doesn't proactively bring tax saving strategies to us. 

It will give you more credibility with your friends and you will get more experience faster.

Consider doing siding if/when you sell in the future if that will boost your final sale price, make it sell faster and/or have a good ROI in consultation with your agent.

if i had half a million to invest into property and did not know where to start, would it be wiser to start by buying an apartment complex then go from there or would it be wiser to buy multiple four plexs and then move up from there where after i have payed off all of the properties i am able to cover the mortgage for the large property to help pay it off faster.

But even so, a good inspector is worth his weight in gold.