We thought we'd be be bringing the money back into the HELOC after each deal, but honestly you should build momentum fast and eventually that HELCO will just be equity in your rentals and you'll be paying more for it than if it was a fixed fully amortized loan option.

You won't be able to refi since any equity you'd want to convert to cash, would only increase your monthly payment, and turn you measly positive (actual negative waiting to happen) cash flow into always negative cash flow.

Therefore, I go to events to network with the intent of eventually partnering up with a partner with the same values and vision.

I've had one unit that required several repairs in the first two years and then was eventually replaced.

Some HOAs don't allow you to, and others have a limit as to how many in a neighborhood can be rented.Second zoning: are you allowed to convert your property to a two family.  

We've helped many get started or convert homes to STRs.

Trying to get a good idea for comps as well as possibly converting single-family into a duplex. 

Purchase price: $125,000 Cash invested: $85,000 Started off as a run down outdated 1 bedroom 1 bath home in Sanger - was purchased from a wholesaler for $125k - Added 1 full bedroom to the house, replaced wall heaters and window AC with HVAC ands ducting throughout - replaced old circuit breaker panel with new updated one and rewired interior electrical, replaced all windows with dual pane windows, replaced most of the doors, laid new carpeting in the bedrooms and wood plank flooring in the living room, tile in kitchen and bath, added new baseboards and painted interior, replaced all doors in the house, granite countertops, new lower cabinets, all new appliances, added rails to the front porch, converted an older closet into a laundry room / new closet, completely remodeled bathroom to make way for a new door to the new bedroom ( not shown in pics), new wall tile in tub/shower, redid some roofing, and painted the entire exterior.

In a few months I’ll be living with family and paying $0 rent, which will boost my savings by over $2000 a month, though eventually I’ll want my own space - I’ll probably house hack, once I’ve picked an area I’d like to live in for a few years.What I’m not sure on is, how I should handle financing my first (and subsequent) property purchases.

Also, if i deduct the costs now as an investment and decide to convert it to my residence, are there any issues involved?