This is my initial criteria, I think my next big step is learning more specifics about SFRs and the Dallas market in general so I'm certain those numbers will fluctuate.So if you're using SEO to find these off market deal, I'm assuming you're taking on more of the wholesale approach to investing?

It is a good networking opportunity, and a session lasting around an hour or so of wholesalers just pitching new properties they have the contract on.4) There is a monthly bigger pockets meet up in Raleigh/Cary.

Make sure you run your numbers both ways.Include a budget for initial repairs.

Fannie rules for the delayed financing exception limit me to the initial $30k out during the initial 6 months.

I guess I failed to mention in my initial post that the HELOC is not against an investment property, but taken out against my primary residence.

In most areas I do not even place the deposit until I get through the initial 90 day feasibility study to determine if the project will even work financially and potential for approvals.

.- Have applicant initial off on a copy and submit with the application.- Don't include any questions about criminal backgroundAfter processing the application, send out a credit approval/rejection letter.If approved, you may then obtain written consent to perform a background check. - If background check passes, send an approval letter.- If background check doesn't pass, send a 'right to dispute letter'

Any advice on attaining the initial 50K? 

As the goal to grow this initial amount and instead of pulling and paying roll it in again and when retirement hits deal with the tax then.

It is all worth it once you get past that initial shock of getting started.