HELOC's are used for personal expenses or home improvements.

Regardless, I'm excited to learn and grow, both, my portfolio, and more importantly, personally.

I’m not too concerned about IRS liens as they seem to handle themselves out in a few months.

Personally I work with one contractor on all my projects and he goes with me on my first walk through.

@Caitlin Logue A smart person will learn from their mistakes, a wise person will learn from others mistakes.

I personally have 6 in the area but I bought before it got crazy.

A month later now, they are insisting I come and see the place in person and see "how well it turned out".

I seek zoning variances frequently in Philadelphia, but its a lengthy process and don't personally find it a worthwhile pursuit for legalizing a second unit in a building.

You can also get a personal loan up to $50K which typically is to pay off credit cards debts, do renovations etc, but it can also be used as a down payment.

After paying debts, they have $4,000 left, but they have to handle the expenses of four people, including growing children.EXAMPLE B: Single 70-year-old making $4,000 a month with no debt.