I worked with both a flipper and appraiser to determine what repairs and renos I should do to get the most bang for my bucks!

The influx of Californians has already started and is likely to continue as baby boomers retire and seek lower cost of living + more bang for their property buying buck.

I had a note investors send me mailings pretty often wanting to broker my notes for a fast buck.

The best bang for my buck has been in developing a relationship with owners directly and/or engaging with the right folks on BP. 

If the gap is not that wide maybe 20 to 40 bucks a month then it might take a very long time to break even from spending thousands to turn the unit.If the rent is hundreds of dollars a month below market then another new tenant might come in with just a little sprucing up and take the place.

The interesting thing is that I also employ my "most bank for the buck" theory which says if I have extra cash I want to pay down on a property (the goals is to owe nothing and any property) I run the numbers by comparing the amount it shortened each loan payoff date.

It saves them a few hundred bucks come tax time and they learn the tax code and how to maximize profits when buying real estate. 

For 15,000 interest only on 15,000 on a helock should be around 100 bucks a month.

@Michael Ward @Christian Rodriguez on the subject of commercial loans as It related to buy and hold you can also ask that it automatically convert to a 3, 5, or 7 year product when it matures to avoid typical refinance costs...

"The house you just flipped looked like a million bucks—and your own house needs as much (or more) work."