You could ask them to just monitor your wallet to ensure sufficient funds, but then they'd have to trust your security policy and procedures are at least as good as the exchanges.  

You want to make this clear that additional items need to be purchased by the guests so they are aware.

They’ll check if your property, zoned R5, allows a curb cut and ensure it meets zoning regulations.

Man, just in 3 years if you have the tenant leave every time, even without the negative cashflow, that alone can cost you an additional 20 or 30k.

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.  

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

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

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.

Its more like 98/2 with an additional 5% saying they do stuff so they can get a piece of someone else's hard work while they have not done anything and live in their mom's basement.All that said there is value well over the cost for those who apply themselves to deriving the value. 

The overall LTV (including all 3 mortgages) will be key and your selling point will need to be that the 2nd mortgage ($8k) will burn off in 2.5 years (based on your surprise that it was even out there, I'd recommend that you follow up in 2.5 years and ensure that it's been satisified, so that it doesn't surprise you again in the future).Does the $8k grant vest over the 5 years?