April is a GREAT time to start the rental season here and having 60 days to gut a place, put new into the unit and raise revenues.... well that's exactly my strategy - I just dont like tossing someone to the streets to do it however.Just think about the potential hard / soft costs of eviction... you can probably kiss any judgement goodby.

I currently pay rent at 415 a month and utilities so essentially I would be trading in my rent to save money for my house expenses and then still paying utilities.

@Yuttana Chawengsub If you have an agent that is an investor you're golden...my normal process would be to run a comp report in RPR and Core Logic...pull historic MLS records, review auditor data...and essentially any other data to assemble a clear picture of the property...then we start to talk through analysis...based on investor need of course....pretty simple stuff, generally. 

The seller must get the bank to agree to do a short sale, essentially to accept less than a complete payoff of the total debt owed.

@Jesse Chambers, You are correct, essentially the HELOC works like a credit card and the credit becomes available again as you pay the balance off.

Rents are at $1500 right now, but after very small renovations I believe I can get $1795 for a 2br/2ba.Here's the breakdown:6k rent1k taxes.3k hoa and insurance.2k landscaping.3k vacancy (5%)which leaves 4.2k of revenue to cover debt payments. 

Staying out of bad debt is essential to successful investing.

Even 9-12 months ago you could find essentially move in ready homes (for renters) in the 20-30k range (or even less) without too much effort.

Asset protection is essentially a bottomless well of structures, but the most applicable strategies would fit within the main "five pillars" of protecting your assets.

I wanted to share this article...IR-2018-206, October 19, 2018WASHINGTON —The Treasury Department and the Internal Revenue Service today issued proposed regulations and other published guidance for the new Opportunity Zone tax incentive.Opportunity Zones, created by the 2017 Tax Cuts and Jobs Act, were designed to spur investment in distressed communities throughout the country through tax benefits.