@Greg Grant For your scenario, I would think the cheapest money would be some kind of debt instrument on your primary home.

Although that kind of worries me, it does allow me to keep my reserves and use them for more investments.

I am reaching out to see if there is anyone that is currently self managing if they would be willing to meet for lunch on a weekend or coffee in the evening etc. to kind of run me through the process of how to get a property ready to rent. 

Hi All I am kind of getting to the point of giving up.

I think I have some kind of equity in my home but I never wanted to use it for anything.

So if all the systems that commonly breaks in a rental are brand new, then the age of the structure itself may not be as important.

And still have access to the HELOC.Sorry just kind of thinking out loud and making up numbers.

Our friends just suggested we looked into series-LLC- I'm going to research that and see if that's a better approach going forward.You can do a reverse entity search and find the owner of any LLC in Iowa- so you can "kind of" stay anonymous, but not all the way. 

Would the neighbors be open to some kind of joint venture agreement?

What kinds of target groups give the highest response rates?