@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.  

I work with investors looking to start their turnkey portfolio, and then we manage the property on the back end.

I talked to a modular home company in my area, and he said to build a 4 / 2.5 2200 square foot home would be 215k, and then foundation and utilities would be another 160k.

Will you look to upgrade the property and then refi in the future?

Everything around the lot is older but the neighborhood is less than 5 minutes away from downtown, hospital and colleges. see this all the time in and around downtown columbus OH, we have frindge areas that are getting rehabbed and flipped like crazy and then the new builds come in. 

The main condition was I had to have the downpayment (20%) first, close the deal, and then execute the owner financed 2nd mortgage. 

I closed that property with less then 1% down of my own cash.

@Zach Howard if you're serious, you'll get a Pro Membership so you can access the analysis reports here on BP.You can then share those and ask for feedback:)

If there is a way to apply the discount code without calling, then I don't see it.