The strategy sounds fine but will be a slower process (time) as well as more expense with your cash being tied up inside each property.I'm a fan of the  BRRRR method, where you use debt to create assets and then have the renter pay your debt off over time.

As others have said, I don't think this is a big deal, and you sort of created the issue by letting tenants know where you live. 

And if there’s $75K worth of rehab the owners annual expenses are likely artificially low, which is likely what created the $75K need in the first place.

It would be much more simple to do steps 1-4 than to legally create a loan. 

There is a lack of land to develop new homes which create scarcity. 

So I am currently creating a pitch for my company to open up the ability to rent a room / house instead of putting employees up at local hotels.

Listening to the BP podcasts, they are constantly urging you to create relationships with local banks.

I took it several times and used the concepts that I had trouble with to create flash cards and reviewed those over and over.

That $18.5 thus would represent tapping into the equity that has been added. 5) The major benefit would be being able to reduce one's HELOC balance greatly almost immediately, and to also soon thereafter take advantage of borrowing on the equity that has been created. 

Not creating a new electric outlet, using the outlet and rewiring to new location through concrete ceiling.What are the implications of not getting electric permit and doing the job anyways down the road?