The plan is for them to save a little bit more and wait for the sale of their parents house to get a gift for the down payment.

I'm new to real estate investing and just wanted to get some advice, input, and constructive criticism on using a HELOC as a down payment to purchase my first investment property.

I have a bottom line amount I want to get and don't really care how I get there which is why I thought there might be some options.....

@Paul DentingerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

A PM would eliminate any guessing and know what they could get.

Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

Just aiming to get close to the 950 for now, then renovate during a turnover in a couple years.

Do I get to be part of the process, in terms of vetting out potential tenants ?

You can get all of that in a dozen different places for free.

Anyway, as I am actively searching for and applying for new positions, I am and always have been interested in wholesaling as a way to supplement income.What are some tips, pointers and or resources I can use to help me get the ball rolling?