But it buys me three months to get to more favorable renting season, so I'm on board if it is on the up and up.

Then, I found a local bank that is willing to do a cash-out refi via a 5/5 ARM with 30 year amortization, no seasoning requirement, and they'll go 85% LTV.So, I'm going to buy these two cash with my HELOC, get them rent-ready and place a tenant in them (expect to be able to get $850 for both), do a cash-out refi, and hopefully have most of my money back out of these in 90 days, ready to roll on to the next one.I'm still very interested in doing a flip, if I could get an offer accepted.

Hi @Steven Lugo, You definitely have the right frame of mind in seeking a mentor - a seasoned local investor can be invaluable in helping you learn the tricks of the trade here.I definitely struggled to find some great mentors myself, however, and I think that my experience could perhaps be of value to you!

That way, I can actually get started, learn from a seasoned investor along the way, and not devote as much time as I would normally have to doing it on my own.

While I do not live there, its nice to see lights on it for the holiday season.

In the meeting, I told the council that if they wanted me to be responsible for this, my guy would clear any ice or snow for $40 for the season.

The SEASON FINALE IS ON MONDAY NIGHT.WHO IS WATCHING IT AND WHAT DO YOU GUYS THINK SO FAR?

It's the holiday season, and perhaps we're all celebrating too early!  

Have a very Happy Holiday Season and prosperous '16!!

.*  Now total debt on home is $64,000After 6 months of seasoning Erin does a Cash Out Refi.Assuming the home is still worth $110,000. 20%LTV is $88,000$88,000-$64,000=$24,000 Cash out  * This property will be purchased by my wife, the mortgage will be moved to a property in my name only.