That doesn’t mean every deal works, but it does mean that buying well and holding quality assets locally can be extremely powerful over time.On the feasibility point, I hear a lot of people assume that duplexes and triplexes in the South Bay just don’t pencil.

The detailed methods are the most accurate, most defensible and get the most benefit.

However, don't have any of those loans anymore (most paid off).The only thing I do that you don't, is use trusts, and love them and they have saved my bacon a number of times.When you said all those loans have paid off, are you utilizing other methods than Sub2 at this time?

Connect with local property managers and other investors in the area to get insights on tenant quality, neighborhood trends, and maintenance expectations.

I'd love to hear some stories.1)  Methods of accepting rent payments2) Where to advertise3) Application form and screening process4) Where to get credit report5) Lease form6) Eviction forms & process7) Handymen & contractors8) Affordable attorney to help with all the above9) System to store all docs and notes Thanks Drew! 

- How will you monitor quality of work?

Are they providing quality leads or  lists of who to market to.. just doesn't seem like very much for an 8k investment.

Things to note: The bank may be uncomfortable with using HELOC funds for new debt depending on the lender, make sure to hire a quality property manager to thoroughly vet a tenant with systems in place to detect any fraud as unfortunately people create fake pays stubs etc..., rental registration is very simple in most cities in metro Detroit with the exception of a couple, but a professional property manager can assist with this to make sure the home is rent ready before the inspection by the city.

Learn traditional methods, but don’t be afraid to explore creative financing.

It is all about location, amenities, design, and management (maintenance and housekeeping quality control, pricing, guest communications, and marketing.