A HELOC keeps optionality, especially if you’re still evaluating repairs, a potential tenant buyout, or future redeployment of capital.A couple things I’d check either way:Whether the rent comfortably covers payments under conservative terms, not just today’s rateAny call risk, rate variability, or draw restrictions on the HELOCHow much liquidity you want to keep available if another opportunity pops upIn situations like this, I often see people start with a HELOC for flexibility and then term it out into a mortgage once the picture is clearer and the value is fully supported.

I’m less interested in “picking a hot city” and more focused on teaching how to evaluate opportunity through migration data, employment trends, supply dynamics, and submarket fundamentals.CDA/Spokane absolutely remains a core focus, and for many investors it can still check the right boxes.

Maybe we can share experiences, deal opportunities, or collaborate in the future as we both grow in this space.Looking forward to hearing about your progress and staying in touch!

The ones who succeed long term usually treat it like a real business with systems around lead flow, follow-up, and deal evaluation, not just random lists and cold calls.When those pieces are in place, wholesaling can be a strong entry point into the industry or a solid complement to flipping and buy-and-hold strategies.

You still need to do your homework to properly evaluate.3) Red states only: Michigan is a swing state4) Mandatory lead paint inspections: City of Detroit suspended this requirement in APril, 2025.5) Local agent: City of Detroit doesn't require, but suburban cities of Eastpointe, Hazel Park and Warren due.

When evaluating a property for Short-Term Rental (STR) vs.

The process of evaluating your deals becomes more efficient when you collaborate with an agent and lender who specialize in working with investors in your preferred market.Good luck!

How about someone who actually evaluated or moved forward with this strategy?

Pay a pm and the profit is significantly reduced 4) alternative below market financing such as assumable, owner finance, wraps, sub to, etc 5) path of progress.

Happy to give updates as this one progresses 💪