I'm interested in everyone's opinions on using a HELOC to purchase turn-key rentals for the short term and covering principal paydown across all new mortgages / loans ( HELOC ) through excess income. 

Plus this is literally your agents job, an agent gets paid to help you with things like this, a co-host can be super valuable but is more focused on the post-purchase phase. 

@Jon Fletcher There are basically two potential options. 1) Amend the tax return in the year of purchase and prove you used capital gains to purchase the property and 2) Sell the property to an OZF, follow the 20% related party rule and then the structure of the sale of the property to be able to reinvest the gains.

I am wondering if I used some of the money I received from the sell to pay off my debt if that would be financially wise vs using it towards the purchase of my next place?

If I can't find what I want second hand then purchase from local furniture store for heavy use items like beds/frames, dressers, dining sets.

I am about to begin purchasing rental properties in Alabama (Birmingham) and rehabbing and renting them.

I recently just purchased a duplex and plan to rent out one side for section 8/VA VASH program.

I plan to purchase the property with 5-10% down, live in it for a year or two with a roommate, then rent it out full-time and repeat!

I am looking at purchasing a 2Bed and 2 Bathroom home for $290k.

Also, how did you come up with your own purchase contract?