Combined we make over 200k a year, no kids and no debt.

@Amy Konopka- 1) you might   ask  present heloc  lender if they can  offer a  new / larger  line ...2) assuming they cant - getting a new  heloc to payoff / replace an  exisiting heloc  should be  fine  assuming you qualify for one     3) many lenders  have  max  limits  on the heloc amt  - often  250k 350K  500K etc ......4) most  heloc lenders  will use a  CLTV  ( combined loan to  value ) max of  85-90% of value  ..thus getting a  huge heloc for all of your  equity isnt  ikely to happen

So even if they sold it for the same price as they bought it, the properties were likely $250K, it will cost them about $3K in legal fees (buying and selling combined), then maybe $11.5K in realtor's fees. 

The lender is stating the following: "we would require a mortgage on the lot in the amount of $90,000.00 when combined with your $50,000.00 deposit would be $140,000.00 down payment apx a 20 percent down payment"Is he saying I need to find another $90,000, or that he will act as the mortgagee on that portion as well? 

All of these came through a combination of researching on our own or consistent recommendation from fellow brokers and investors and it was not too difficult. 

This combination of affordability, economic stability, and location makes Parma compelling in my research.Taking a deeper dive into the rental market here, I thought this could be a unique investment opportunity because, despite a seemingly low occupancy rate of 23.90%, the rising rental rates highlight a robust demand for single-family homes (SFH), presenting a lucrative avenue for investors like us.The Key Growth Indicator: A significant uptick in SFH building permits during 2022 and 2023 screams a burgeoning market ripe for investment.Property Highlight: Zooming into the zipcode 44134, let's examine a promising investment with this single-family home.3104 Liggett Dr, Parma, OH 44134 On this property, I calculate an ARV estimated between $107,000 and $115,000.

These minor improvements modernized the property and enhanced its market appeal.

The software interface isn't terribly efficient, but it performs its functions just fine)That said, I think there are some locks that have a wifi function and no fee, BUT they require interfacing with a smart hub - and the cost of setting that up combined with the amount of tech knowledge needed/potential for things to go wrong made me give them a pass.  

This combination would cover the total cost of the build.

It's right next to the cute downtown square with a lot of modern shops.