I bet his spirit is still haunting that place!

A great property in a bad market will likely be a bad investment over time.Operator - My analogy about “betting on the jockey” is likely getting old if you’ve been reading all my articles, but I believe the jockey is the most important factor to consider when choosing an investment.

I think a HELOC would be my best bet so I am asking what are the pros and cons, what bank should i do it with, etc.

Facebook is your best bet 

Stayed for four days and I bet they had 80% vacancy or more.

If it's your 1st deal and you're not able to raise money from your family and friends, your best bet might be to start off working with private lending/ hard money lending companies. 

I bet there’s a set screw you’re missing.

If not, I'd bet your in the clear.

You're going to have a difficult time finding hard money lenders that will do just reno, best bet is to find a private lender

Not very viable for wholesaling but viable if you are BRRRRing or flipping since we're in SoCal3) Great for practice on talking to sellers and learning to listen for DMF4) Low probability in our market5) Good probability bet - not as many investors doing this.6) Doesn't hurt, low probability, but persistence may pay off.7) You need to practice at least 10 deals a day until it becomes really easy and fast.