Does that limit the purchase he could make?

As for the HELOC, the more I research the more it matches your comment regarding using it for home improvements / flips so I may sit on that for a little bit until I educate myself further on those topics.As for raising capital, I have read the private lenders are a popular way and hard money loans which I do not fully understand yet.

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..

Quote from @Olga Daisel: @Joe VilleneuveI am buying to demo in a year.That doesn't change anything other than make it worse. 

I can refer you to a great hard money lender for flips.

They are almost always guaranteed to overpay for properties and lose money in the end.

My coach says to move by the speed of instruction, but I'm not sure if my own market of Sacramento, California is worth spending a lot of time and money in, especially for rental properties.

You do it to escape a property that has aged poorly and has become a money pit.

I live on a septic and I get being worried about this, but I would do more research before you make that decision! 

Makes me lose what little trust I had left in the news.