@John Upperman  for ONE HALF of percent of return.. this is an absolute no brainer you go local.. you will lose that half of % just travelling to Memphis.. and I am sure your not going to buy a quarter million dollars worth of RE without eye balling it.

That said, liquidity is also expected to increase at least slightly in credit markets in the near and mid-term, so having your line limit reduced might not be as much of a threat as it would have been in recent years.If it were me, I'd err on the side of caution and pay the HELOC down as much as possible while keeping my eye on the creditor/ my limit for future needs.

We keep a close eye on the other expenses including shopping for insurance each year.3.

Keep an eye on that.  

None that I have worked with before...but I have been eyeing them.

You'll have the peace of mind knowing a 2nd set of eyes has searched for any issues much like you'd pay an inspector for peace of mind of the history of the building even though they don't actually fix any of those problems.  

Would you trust a realtor enough to have them be your eyes and ears?  

Keep on networking and let people know you are searching for a good deal.Best of luck and I will keep my eyes open for you too!  

We currently invest in the Indianapolis area in single family homes, but always keep our eyes open to other opportunities.  

There are a lot of great West Michigan people here on BP, so keep an eye out - keyword alerts are very helpful.Your skills (and schedule) should serve you well in the days to come.