Of all the times I've heard this I've noticed it's never really talked about in terms of specifics.On one end of the spectrum Josh Dorkin made this site because he was supposedly burned on some of his first real estate deals because of lack of knowledge, on the other end of the spectrum I hear the term "analysis paralysis" a lot.We all grew up taking tests in school to determine what we "really" know about a subject.

A hard money lender will allow a POF letter to be used across a spectrum of real estate purchase offers; therefore, it is necessary that a more in depth analysis is done when a property is placed under contract.

That means, if your partner runs up debts in the partnership's name, you are responsible for them personally.At the other end of the spectrum is the C-corporation.

"Air jobs", my friend calls them) I love having a visible effect on the world around me, making something better than it was.Of course, my other job is music- which is the other end of the spectrum.

Andrew HI Andrew,I hope I can give you some additional areas to consider that may help you.with regards to your point #1 - It all depends on the expenses of your current home the expenses each month for the new home you're going to purchase, what you can rent your non owner property for, what your current income is, your credit, your debt to income ratios, credit, and at the end of the day if I knew these areas I could tell you what your financing options are and advise on different products that suit your financial preferences.The problem with HELOC's is the risk spectrum is much wider than lets say a 30 year fixed which has a fixed payment.

I'm on a bit of the opposite spectrum from investing - I run a private lending company and work with real estate investing companies, which brought me over here.

Your square footage sounds very high compared to my units, so wondered if you were higher on the spectrum.

I've learned a lot in the pre-meetings, networked with some great folks and I'm particularly fond of the LOTS program (learn on the site) where you get to go into an actual property that is somewhere along the spectrum of renovation/flipping/renting and hear the story and all the numbers from the investor's themselves.  

Of the commercial finance spectrum, MF carries some of the best rates and lowest down payments if you and the complex qualify.  

Anyways, as a financial planner friend of mine once said: You are always going to have people on both extreme ends of the spectrum when it comes to any kind of investment strategy.