You'd have to draw on the HELOC and sit with it in your account for enough time that the banks don't look for the origination of it.

@Csilla Veress A couple of books that may help with understanding PV (present value) calculations, as well as note investing in general, are:Invest in Debt by Jimmy NapierPaper Profits by @Joshua Andrews  (my personal favorite)This blog post by @Mike Hartzog may also be helpful:https://www.biggerpockets.com/blogs/5359/41924-doi...PV is the way most note investors do pricing for performing notes, but for non-performing, you'll want to build an ROI calculator as  @Chris Seveney suggested so you can look at various exit scenarios and take into account costs like servicing, legal fees, insurance, etc. 

Also within that structure, what are some key transaction types you'd want to account for, within the day-to-day operations, in order to achieve high effectiveness in deferring high tax rates within your entity structure?

He should make a bigger pockets account and start networking. 

I'm currently looking into purchasing a property's who Pest and Organism Inspection Report from 3 years ago shows that it was infested with fungus in several locations - the kitchen counter, under the bathroom, the garage, and crawlspace.

I'm already looking ahead to my next flip.For the first one I was working full-time at a bank, and didn't have the time to organize it 100% by myself, so I hired a GC.  

If you are going to invest out of state I think you likely need someone to help you set up your team and get organized to do this the right way.  

Finally made the jump and just bought our first vacation rental.My longtime girlfriend and I emptied out the account and put 60k down on an amazing 300k vacation rental near Bass Lake and Yosemite National Park.By conservative estimates, it should cash flow over $1,000 a month after ALL expenses.As I am still learning on the fly here, I am most interested in the next steps in acquiring the next property (and the next, and the next).The house should appreciate some throughout the year, and it is nearly turnkey as it was wonderfully taken care of by a family for 40 years, so we won't be adding too much value with remodeling.My main question to the BP community is "What's the best options to finance our next purchase of a rental property?".

Account Closed I think that the MacBook is the way to go, there’s so many positive reviews about it.

At any given time a property management business can be holding hundreds of thousands if not millions of dollars of security deposits in their trust account.