Refinance new acquired property 6months to a year later and pay down some loans again.or2. take HELOCs on properties, when a desired property is identified, use the HELOC money to by all cash, refinance 6months to 1yr later and pay off the HELOCs?

It forces me to develop a system that allows the business to primarily take care of itself.Additionally, once I develop an efficient out-of-state investment system, the deal possibilities are endless.

I will build my portfolio of buy and hold properties to develop a passive income of 5k a month as my primary business goal.

If a property develops a leak with existing tenants and I did not take possession whom is responsible and what happens if a ton of damage or a tenant vacates in the grace period and I cannot afford the loan without the tenants income then what? 

Everything else is pretty much easy to identify.

I'm hoping Bigger Pockets will be an valuable resource for me and help me to grow my business.I am currently studying for a Masters in Real Estate Development.

Gist of the idea is you develop your marketing advertisement (think: car magnet), hire a driver who is already actively driving around (Lyft, Uber, etc), and have someone (or many someones) marketing your company while they drive. 

Everything else is pretty much easy to identify.

Unlike my folks, who were VERY hands on, I'm much more of a passive investor, focused on systems and process development.

And this is a developing area with big upside.