Dave:Does this CA567 mean even if you have a month-month tenant, who you are NOT evicting, just not renewing the Lease, because as in my situation, my family wants me to move closer to them, (and I am NOT a real estate professional w/multi-units), that after April 1st, I have to account for why I plan to move back into my own home?

There are a few little things to consider, but generally that works well.If you get your long-term rental in very well performing locations you can use the positive cash flow to pay the HElOC back.Just to give you the math (the numbers are simplified to make it easy to follow):- You get the HELOC for 70% of the equity = $260K * 70% = $182K- you use $75K for the down payment of the $300k investment property- If you have $500/month positive cash flow it will take you $75000/$500=150 month to pay back the HELOC- When looking at really well-performing deals between 1% rule and 2% rule, you could probably three properties, professionally managed in the right location, each generating $333/month in positive cash flow, so your HELOC would be paid back in about 6 years.- Keep in mind that a HELOC has the benefit of requiring you to only pay interest on the actual balance.

Reach out to a few tax professionals and see who may be a better fit for you.

They also don't understand that the main purpose of the guru seminar they went to was to recruit cheap bird dogs and milk their personal networks for the guru's more established pals.Sooner or later, though, the burgeoning REIs DO happen on what they feel is a good flip opportunity.

@Thomas Yourkiewicz - There is a great deal of information on BP about Toledo to help you understand its national appeal vs other cities, price, cash flow, and ease of entry are a few.My biggest lesson learned in Real Estate in general is - whatever your niche, you will do just fine provided you specialize, create an offering that meets a need in the market, and stay the course when you have hurdles.This holds true if you specialize offering housing to professionals who need high-end temporary housing while assigned to long term projects...medical facility rentals with nursing staff provided...and for every aspect of servicing the investing community (hard money, note buying, appraisals, etc) which gets you out of the landlord role altogether.One sure way to fail is to constantly shift your focus and jump between cities, neighborhoods, or investments. 

Networking is a part of it and will be working on that since I didn't grow up in the us, turns out to be a bit harder for me, but besides networking, where do you go search for deals?

I’m just trying to net work and further my education in the Realestate industry 

I wanted to ask a few questions to a professional and see what the feedback is to help cater to my clients better.

Hey all,Looking for recommendations for an accountant / tax professional to prepare my 2023 (and beyond) taxes.

I am currently exploring networking opportunities to source deals like this!