Please tell me if this is wise or dumb

[Craig Steltz]

I'm considering starting to invest in condos. The location of the condos I'm looking into are here: www riverwatchtower com

There will be little to no positive cash flow starting out. I'm considering units in this location for a few reasons:

1. Close to Ohio State University (high demand)
2. Little to no maintenance due to size and management company
3. My children can use them when they go to college.
4. I don't see much risk

Any thoughts on these units?

Also just starting out should I purchase the properties in my own name or create an LLC? Why?

Lastly I plan to invest using a HELOC of $200,000. My own home is almost paid off. Any thoughts on this? Also can I turn around and use the the new properties as collateral for more HELOCs?

Thanks

OhioBuckeye