You should be able to, at minimum, build $50,000 equity fairly easily after repairs are done, combined with the record low interest rates and tax benefits its a no brainer.

They use a combination of days on market, offer amount, property condition, and buyer type (OO vs investor).

Or any combination of the above.

I think it is a combination of fear, laziness, and complacency.

Property 1 ARV $54K (lowend) Property 2 ARV $65K (lowend) ---- Combined repairs $12K (DIY).

If you answer yes, then sell, rent a bachelor pad (small) and use the capital combined with either a hard money loan or private funds and flip where it makes sense.Know the market conditions of the area you are looking in like the back of your hand.

Also the property is very close to an expensive private college and I think a few large 2 bed 2 bath units (combined 1 bd 1 ba) will make a killing as they would be the only ones of that type in the neighborhood.Also im looking to owner occupy as well so I would like to have access to lower rates available for a 1-4 unit property.As an aside, I know rule #1 is not to get emotionally attached to a deal. this house is perfect though as it has a large parking area and 3 car garage in the heart of a dense turn of the century area, quite hard to find in the city here.

Membership in an entity or combination of entities will not protect you from your personal actions.As I said before, confirm this with your own attorney.

Yes, the HELOC will be based on a CLTV (combined loan to value) that the lender for the HELOC sets.

I can also add SS Trace for another $5.But $20 report from NTN combined with following up with references from the tenant's application gives me more than enough information to make a well informed decision.