Most jumbo firsts that will tolerate a HELOC 2nd are waaaaaaay north of 4% (I in theory could offer those too; why would I?).

Your agent can write it in the contract  for the seller to pay up to 3% toward your closing costs.Lots of theories on here as to SFR vs.

While your plan seems good in theory, I reckon that ongoing 90% leverage each time, in a market that is arguably already too-heated, is asking for trouble - somewhere down the line.Please ask yourself: are you placing too much reliance on never-ending appreciation?

If you know the lender well, they may waive that.In theory, you can get another loan and pay the initial lender off at any time.

Without providing any legal advice, does anybody know if an LLC/LLP (in theory) can become a private money/hard money lender to those doing house flipping?  

In theory, there is not much work that needs to be done. 

Same theory.

Being a (very) beginner investor, but a long time resident of Austin with ties in the Detroit area.....you are likely to get more 'bang for your buck' in Detroit with the right property. 

The theories I have heard are paying down debt with the profits to the point where your profits might reflect a $1 a month profit.

So in theory, you could buy a new property each year, move into it, and rent out the unit you were occupying previously.This would get you much better financing terms on each property -- lower down payment, fixed rate mortgage, and no points.