Will all of your vendors take a credit card as payment?

With the HELOC and then converting it to a term loan you will probably be paying higher interest and/or shorter amortization period on conversion which will mean higher monthly payments.

There are cases of local governments delaying payment due to budget constraints.

If you're using financing, evaluate how a rate hike could affect your payments.

With my CFO clients, I generally assume a 35% operating expense margin (which excludes vacancy and mortgage payments) to start with and adjust from there.

The property will cash flow $500/mo or more after all expenses and cap ex reserves, as well as the payment on the SBLOC.

"reinvesting the full proceeds without financing or using leverage to enhance returns is key"So I cannot use it as a down payment for buying a place with financing?

Later she was unable to refinance, and the ex-husband kept making payments for her so the property wouldn't go into foreclosure.I would highly suggest to your friend to contact Noel Cookman DURING the mediation process, not after.

The interest only payments aren’t getting any cheaper.

If you’re offering $450K, then you could offer to take over the $120K payments and seller finance the remaining $330K.