Not to fan the flames of debate but to shed some light on the subject revolving around Greenland, because it is a unique thing for nearly all of us alive now, not something most of us have ever experienced. 

We work with one lender that will doa  2nd up to 60% LTV but its a loan not a revolving / open ended line of credit. 

All of the tools that you use to try to figure out if a potential tenant will be a "good" tenant revolves around trying to answer those 3 questions.

Take you pick.Most questions revolve around Material Participation, and tax filing compliance.

The pitfalls really revolve around prohibited transactions and disqualified parties.

ARCPE Aspen Funds Boston Note Co Colonial Funding Debexpert Debtx Faller Financial First Financial Network FIxNotes FNAC Garnet Capital Gitsit Infinity-Data Keyhole Financial Kirkland Group Labrador Lending Mission Capital Nationwide Secured Capital NLEX NNG Capital Fund NotesTraders NoteTadeX NoteTraderExchange Oak Harbor Paperstac Phoenix PPR Note Co RAMS Capital Reliant Financial Revolve Capital Right House Capital Right House Capital Security Financial Services Situs AMC SN Servicing Watermark exchange

Here are some hard numbers from my end:40k — 60k down payment6% minimum CAP rateMultifamily — 2 to 4 unitsColumbus, OHSome of the questions I have revolve around the actionable steps I can take as well as the hard numbers I should be on the lookout for when analyzing a property as being a good deal or not.I would be more than happy to schedule a call at your earliest convenience to discuss the details.

The most common mistakes I see on self-prepared returns revolve around calculating the correct cost basis of the property, allocating it between building and land, determining the right "in service" date of the property, and depreciating everything correctly.The last thing you want to do is prepare an incorrect 2017 return, hire a CPA for 2018, and pay him or her to amend 2017 when it could have been filed correctly to begin with.Owning the property for one month shouldn't present too many problems, but it's important to be aware of the potential pitfalls of preparing your own return.Hope this helps!

HELOC Basics:A revolving credit line secured by your home’s equityLow interest rates, but often variableDraw period (5-10 years) → Repayment period (10-20 years)✅ Pros: Lower interest than other loans, flexible access to funds, potential tax benefits⚠ Cons: Home is collateral, payments may increase, short repayment termWhen It Makes Sense:The rental property cash flows enough to cover HELOC paymentsYou borrow conservatively (avoid over-leveraging)You have a backup plan in case of market shiftsSafer Alternatives:Save a larger down paymentConsider seller financingPartner with another investorFinal ThoughtsWith your timeline set for November 2025, take time to research markets, build connections, and plan financing wisely.📌 Key Takeaways:Out-of-state investing can work but requires a solid local team.Use online tools like BiggerPockets, Rentometer, and Roofstock for analysis.A HELOC can help, but be mindful of risks and repayment terms.

U start going into markets like that and you will fail big time as you will have a revolving door of defaults and you will find it quite hard to get 10k down.