Im just starting out - looking for ways to break into the real estate world.

However, we are going back and forth on a few items and would appreciate any advice or if anyone knows who to talk to locally to find out the answers to these questions that would be great.

The Richest Man in Babylon by George Samuel Clason: “To attract goodluck to oneself, it is necessary to take advantage of opportunities” “Men of action are favored by the goodness of good luck”One of the most important qualities that I see in successful individuals is that they take action.If you do nothing, nothing will happen.Where do you need to take action in your life?

My vision is to subdivide and develop the lot.

I would prefer to hold on to both properties if possible, but if we cannot cash flow (with the HELOC), we cannot do that. 

I believe you just need to have it rented for 1 week in the year to use the bonus depreciation after the cost seg, correct?

Now, you need to figure out how to find deals and pay for them.

It's in great location that I'm confident will continue to appreciate.

You need to start there. 

He goes to forums, meetings, markets to leads HEAVILY, studies like crazy, and more.