Those costs do not include court fees and publication fees.Also known as Alabama note the borrower does have a redemption period so be careful not to go in and renovate the place during the redemption Period.

A couple of them are big time investors these days with over 40 houses each and have moved up to STRs and commercial properties.Find someone that will share their opinions and suggestions and it'll help keep you motivated to get through the starting period. 

According to the SF Rent Board, the interest rate owed on deposits for the period from March 1, 2024, through February 28, 2025, is 5.2%!

@Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.

A 72-T exemption known as a Substantially Equal Periodic Payment (SEPP) is a pretty rigid agreement.I don't think you will be able to accomplish the rents-only goal.  

Either way I'd cross over the Oct 2024 occupied period so I could preserve the possibility of tax free gain.

The path to being financially free is a game of endurance and focus over a long period of time.

This is a Pro member feature, so if you are not signed up, check out the free trial of all the amazing resources BiggerPockets offers. 

If you can get the leases, build your proforma and expectations on how you will operate, not on historical evidence.If the seller is willing to open the books once you're under contract, than build that into your offer and due diligence period. 

Some DSCR lenders will float the rate until the appraisal is back, leaving you open to having the rate changed during the floating period.    2.