I’m leaning towards HELOC as I anticipate drawing 50k chunks of money at a time but am concerned about rising interest rates and the variable nature of HELOC rates. 

They won't -- it's just human nature- What if section 8 rent is below market rent?

Don’t you have natural gas heat available Electric baseboard is really expensive and tenants know this .

(All security deposits by their very nature are refundable.) 

@Darius Stubbs If you are going to wholesale preforeclosure you need to be sure that you can either close if you cant find a buyer or that its a rock solid deal that you can get sold before the foreclosure date.

I can share the info of my firm, they give great advice and can make sure that you are ready to rock n roll.

The “what” will come naturally with time.

This is true for most all rentals in the Midwest which aren't in like a total ghetto or something of that nature.

Naturally you should follow the strategy best suited for you.Since we are both in San Diego, maybe we can meet, have coffe or a meal and chat about our investment approaches, and if we run out of interesting topics on that, we tell each other the war and flight stories...

For some reason, the high end inventory in Glen Rock doesn’t seem to be moving well, notwithstanding the house two doors down received multiple offers.2.