I had clients in PHX  and Vegas that lost their 4 plex's because they went 100% vacant and stayed that way.. they owned 4 or 5 of them.. it only took about 3 months of negative cash flow and they were done.Max leverage loss tenants  lose property.. that's the formula..  

The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.  

Last, like i tell many clients, "just because I have a program doesn't mean you will want it". 

More than 90% of our clients are out of state, and more than 90% have invested repeatedly with us indicating that they are happy with their investments.

If either you or the investors are not highly experienced, this system is very very difficult to slow the first couple flips profitable. 

@Jacklyn Robins not trying to be difficult, but how many Class C or D properties do you have besides this one?

Many landlords, myself included, have faced the challenges of dealing with problematic tenants and the complexities of Massachusetts laws.In fact, we specialize in buying properties in Massachusetts and New Hampshire that come with ongoing evictions and difficult tenant situations.

I manage my own properties as do my clients; with the electronic resources for screening, rent collection, more - the ROI is greatly improved and you retain control of the property.Hope this helps.

If you used a loan to rehab your property and find yourself in a difficult position, doing a straight refi (just paying off the old mortgage) will be easier than trying to pay off the original loan and take additional cash out.

That's not a good client for them.