That's most cost effective way.

If it's cheaper and more cost effective to do the HELOC for that current property then stay that course because on another property you'll need 20-25% down, maybe some repairs and closing costs that you would not need for adding SF to that property you have now (that may increase your ROI for using it on the one you have now).

I don't want to say I gave up but I found way more effective ways to generate leads which ultimately made me back away from continuing the services. 

Not sure where to start on something like this and want to make sure it is done right (and as cost effective as possible).

Credit requirements are lCons:  Depending on the rehab amount, and the type of 203 program you select (K or B), you are limited to either 1 or up to 3 contractors. 

Not sure where to start on something like this and want to make sure it is done right (and as cost effective as possible).

If you do have to board up a property, free hand a mural to lessen the effects of the broken window theory. 5.

Real Estate Agent - I knew what number would work for my monthly mortgage with two roommates I had already selected so we used that number and worked backwards How did you finance this deal?

Remember, you always get what you pay for in the end.You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

There is actually someone I met who was at a local real estate event who started off with buying his neighbor's house who was looking to downsize and then there was a domino effect to where people were coming to him for deals.