I like to think that everything happens for a reason and that there is something to learn from every experience.

-Can anyone share their personal experiences investing in these areas ? 

Hi Carlos - With a HELOC you'll have lower closing costs being a plus in addition to flexibility as you can draw funds as needed and only pay interest on what you use.

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

Scenario 1 = It looks like you have $950,000 cash to pay off the mortgage balance off.You are getting $70,000 additional cash-flow$70,000 / $950,000 = 7.3% which is not bad considering this is just cash-flow and you likely get an additional 4% appreciation bringing your total return to around 11%The thing to consider is that you would then lose the mortgage interest deduction.Without that deduction, it may put you into taxable income territory.You may want to consider seller financing some of the properties and see if you can get 8% to 10% interest.it would guarantee you a return and still get you nice interest over a period of time.As I get older, I want my investments to be more 'simpler'

This could be a fine or a requirement for the tenant to pay for additional cleaning or repairs caused by smoking.

With your extensive background in real estate and impressive experience, it's great to have you here.Your expertise in various areas will surely add value to our community.

Experience level 6.

The scammer would have to be present at several court hearings over the course of a year or two in addition to filing the proper paperwork.

If you have had the same experience please share.