I'm happy to help or refer you to a colleague.Thank you!

For reference, we're heavily involved in the co-living space, which is an unorthodox strategy but can perform exceptionally well with the right property and systems in place.

It most likely won't help them in this case but let's face it - they're not big on resolving their own problems especially when you're accommodating them.The longer you allow them to live rent-free with no solution in place, the longer they will do just that.

Hey John,I work with several different property managers, which I refer to for my clients (I'm an investor friendly agent over here).

Did you ever find a solution for a 3rd position heloc?

That doesn't mean you have to file bankruptcy, but you do need to know there are better solutions than Subject To when in foreclosure.If you sign a deed in lieu, that means you will no longer own the property and will probably never be able to buy it.

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

For the STR rental loophole, which is what you appear to be referring to, you need three things:1.

Texas does have specific rules regarding home equity loans and cash-out refinancing (often referred to as "Texas Equity Section 50(a)(6)"), but these don’t prohibit homeowners from using funds for investment properties.

I don't have a solution but I think a real estate attorney or a title attorney would be a good person to talk to.