The strongest piece of advise I can give you when it comes to your score is NEVER let your mortgage go 30 days late.

I mostly wholesale from MLS, my guys dont mind since I'm handing them something with no frenzied competition that the MLS generates.

Most likely you'd need to have some cash in addition to the HELOC, depending on market prices and actual amount of HELOC.Have you thought about doing any flips to generate cash infusions?

My company has no properties there at this time so this advise is not self serving.

As others have advised me...read the forums, articles, blogs, etc.

Instead they just want to get the pain over with as quickly as possible.You also have to find a bank that is motivated and doesn't want the property (shopped) listed by the seller to fully expose multiple offers and compete with other investors.This is why many people wholesale.They make a few k on a marginal deal and let other investors take the high risk.Then they only buy when they get a really good deal for themselves.I would say "Do not get emotionally attached to this deal and overpay because you wanted to BUY SOMETHING" Instead just treat it as a property and if someone overpays for your goals then move on to the next.Remember it is easy to build a crap portfolio with marginal returns.It is much,much harder to build long term quality properties at a great price that will create generational wealth for the your family.

I hope someone on here can advise me also!

Good luck, its a catch 22I don't disagree that there are a few programs and educators out there that have the real deal and provide valuable insight and information, however, there are many more who pitch pipedreams to the unsuspecting which is why most of us usally advise caution when dealing with gurus.

Your not sweating your butt off as much, space heater work great either off your electrical or your generator, and contractors suddenly have much more time for you.

When we first put the For Rent sign up before rehabbing was complete we generated about 15 calls in a couple weeks, then not much.