In addition to being my mentor, Chris had been asked to take the class on a “funding tour”.

BP and the forums have been so valuable while I’ve been learning and I’m so grateful to have this resource.I’m a US citizen currently living abroad (London, UK) and would like to start my REI journey in the US.

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

An emergency fund needs to be liquid, and immediately available to you in addition to being low risk and protecting principle. 

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.  

With some additions, this would qualify for the OMG category, but I think they didn't have that category back then when it was on the market.

We are willing to provide additional documentation to support our request and discuss any potential steps to ensure a smooth and fair process for all parties involved.Thank you for your attention to this matter.

Feel free to share updates or ask additional questions.

Thank you for the valuable post, @Garrett Brown!

Perhaps you could consider hard money in addition to private money?