@Hellen Sut in Michigan, once we have a money judgment, we try to garnish: wages, bank accounts and their state tax refund.

Each potential buyer has come to their own conclusion that it would be too much hassle and risk to manage in this fashion vs a traditional rental even though the average cap rate in our area has been half that at best.

STRs in Non-Traditional MarketsShort-term rentals in areas near universities or event venues are gaining popularity.

Travel nurses are making bank and sometimes I think the locums companies provide lodging.

I applied for a HELOC and when they ran the title it came up that the 8k grant is actually a second "soft" lien against my property that will go away after 5 years which prevents this bank from allowing me to have a HELOC.

For example is a personal loan from a bank is 7.5 % that you could use as a down payment (after its seasoned), and your 401k loan is 4.5% but the 401k is expected to return 7.5% per year the money you save on one end you miss out on the other end basically and if your 401k returns are 20%, then you lose out significantly. 2.

In a pricier area, or if you’re banking on a perfect scenario, that cheap credit can suddenly get very expensive.I’m curious... if you went down this route, what kind of safety nets or alternative strategies would you have in place in case that perfect timeline doesn’t pan out?

Not the nicest areas, but nice enough.. and I would be looking for minimal cashflow, banking on appreciation. 

Loan: Bank Statement, $5,500/month PITI.

If you haven't done that recently, you can change policies mid-term, but you will need to make sure your bank or loan servicer know if you do change.