. - Small price to pay to have access to the equity.But a HELOC seems like a no-brainer, just as a safety net.

The inspector cited a slip hazard on the back porch, which was a 24-hour emergency fix.

We suggest that a licensed contractor further evaluate, address and repair/reinforce both porches as needed for safety purposes, including addressing the back left exterior steps that are not installed correctly. 3.

There is plenty of law on this.I agree that the auction process is not well suited to retail buyers expecting transparency, contingencies and other safety nets.

In the appraisal,the appraiser made note of this non-functioning chimney being a safety hazard since some of the bricks around it are crumbling. 

However, I include a request to not walk the property prior to our showing appointment out of respect for the safety and privacy of my existing tenants also living at the property.Maybe a RE agent out there has another angle as to why they would be so intrusive about the ID up front without at least some inside pics and an amenities list.

The lender that only makes 6% is ok because of the safety.

Do you only accept tenants if you “think” they can pay their bills and just as an extra safety precaution you get a co-signer?

The house has been vacant for a year and a half who knows what else you find (cracked foundation, drugs, look up police acitivity in the area) but if the house gets worse and is condemed by the city for being a hazard to the community he will get basically nothing for it.

Also you will hopefully have the safety net of health insurance provided by your job.- Work, save, INVEST!