@Jessie Shields - Thanks I will keep an eye out for those meets and try to attend.

It's very eye opening and I think it's one that every REI and entrepreneur should have on the book shelf.

I would think being a college student would hinder you in the eyes of most banks?

Reading about this really gets me teary eyed.

@John Upperman  for ONE HALF of percent of return.. this is an absolute no brainer you go local.. you will lose that half of % just travelling to Memphis.. and I am sure your not going to buy a quarter million dollars worth of RE without eye balling it.

That said, liquidity is also expected to increase at least slightly in credit markets in the near and mid-term, so having your line limit reduced might not be as much of a threat as it would have been in recent years.If it were me, I'd err on the side of caution and pay the HELOC down as much as possible while keeping my eye on the creditor/ my limit for future needs.

We keep a close eye on the other expenses including shopping for insurance each year.3.

Keep an eye on that.  

None that I have worked with before...but I have been eyeing them.

You'll have the peace of mind knowing a 2nd set of eyes has searched for any issues much like you'd pay an inspector for peace of mind of the history of the building even though they don't actually fix any of those problems.