Even if they tell you they are just helping the owner with this, I would still try to touch base with the owner to make sure you the person you are talking to can in fact represent them in working this transaction.If you need more help just PM me.....Peter

I'm thinking I can take advantage of this using Brandon Turner's BRRRR strategy to buy a distressed property (in an A or B neighborhood) in Memphis using the HELOC to cover the discounted purchase price and rehab, rent it, then refinance it 6-12 months later into a conventional 30-year fixed, and repeat.But I've read on BP about the dangers of doing this long-distance, namely lack of boots on the ground to represent you and watch out for your best interests.Can anyone recommend the following to put on a Memphis team?

The home owner, and agent representing the seller in many cases may have done some things well in regards to their pricing, marketing, staging, etc.

If so, what else is required beyond getting the license itself to access MLS and represent myself in deals?

Alex,There are three types of people who can represent you in front of the IRS.  

Your representative Pete Rodino, before the Paynes, grew up on Aqueduct Alley.

Once a month, the lender representatives meet investors at the county courthouse to auction off the properties. 

@Ruth RojoAs a license, you are prohibited from representing the other party in a transaction in which you are the principal.  

But, not knowing where in the cycle we are is represented in our underwriting relative to risk discount.

An attorney representing the borrower2.