Specifically, Eugene and Springfield.My current fulltime employment gives me wholesale access to interior finish materials and all of the right contacts for sub contractors in the area.  

@Mike Lee, to answer some of these questions we need to understand the concept a little better (need specific on rate of return being offered, etc) and assess the risks/reward.

If you have unlimited time - then sure, go for it.If the BP books are not enough, then figure out what specific topics you want to dive into and ask again.

At the age 24 I had acquired and ran my own restaurant but I am now real estate investing full time.I am opportunist, seeking deals daily.Real estate ExperienceGrowing up in family who owned several multi family propertiesI have taken many courses to enrich my Real Estate platform.Created a Rent to Own CompanyWithin the past eight months I have done 15 JV deals - 22 doorsReal Estate GoalsMy real estate goal for this year, it to acquire 20 more doors by December.Currently seekingSeeking Qualified JV partners for multi-unit cash flowing rental properties.Private lenders or Hard money lenders, who will lend to Canadians to puchrase properties in the States. 

Is there a specific procedure I should have followed?

State specific law may be very important, so make sure to ask your lawyer to check this as well.

@Harry Gamble The cost of insurance will vary greatly based on the individual property types, specifics, and locations.

And after 30 years of a $1.1M paid-off house appreciating in an up and coming town, when I decide to downsize at the age of 65 i'll fund a good chunk of my retirement, or hand off a nice asset to my kids.If you could hypothetically take $100,000 on a HELOC and turn it into $5,000 per month cash flow would you do that?

Is it a specific neighborhood/area (geographic market) or it is a specific list of home owners within an area(s)?  

Feel free to PM me and we can connect about specifics.