Dispose of all foodsources, for long term storage.

From a cash flow perspective, you’d really need to think long and hard about the cost of leveraging these properties, especially in the current rate market.Yes a bigger purchase price might mean a greater potential of higher gross cash flow and appreciation, but that cash flow might get eroded fairly quickly if these moderate interest rates are here to stay.- REI CPA from CA

Preferably, someone with plenty of experience that has been in the business for a long time. 

I recently saw a post from Anthony Walker asking experienced real estate professionals and those newer to the business about gaining a competitive advantage and it got me thinking about what competitive advantages a real estate private equity firm can attain in their business.

Then you can refinance at $75k in 3 months as long as the ARV is $108k+

After all, they were headed that direction before I stepped in to buy their house in the first place.In 2023 and beyond, I think acquiring houses subject-to is a smart strategy, especially if you plan to fix and flip because you don't need to keep the mortgage in the original seller's name for very long.As for acquiring rentals, subject-to is also preferable as long as you can count on at least $300 + in cash flow (and have reserves for 6 months). 

HELOCs only make sense as short term funding - especially with rates where they are now. 

With SB13 allowing bootlegged safe units and the likely extension to the 5 year window due to the shortage of units, I am unsure there is much risk in the near term.  

Nothing unusual in my 35 long years of working in different specialty.Thanks for helping the BP communityVivek

Hey @Adriana McLaughlin - This is actually the FIRST TIME I have heard of the term "ALL-IN-ONE-FIRST-LIEN", but after doing a little bit of reading on it I am not sure I still completely understand.Basically, you apply for a HELOC credit payoff your existing mortgage with this variable HELOC and then in theory have some leftover as well...so the advantage is paying off your loan early and getting access to a line of credit, but the disadvantage would be a variable rate mortgage for the reminder due on your orginal first mortgage?