From what I've seen, he's always been crystal clear about how he structures his deals.That said, I did hear about an alleged lawsuit tied to his Sub-To deals around four years ago, but not sure that anything came out of it publicly.

This type of strategy typically works better after 10+ years of holding, when appreciation and loan paydown have built up enough equity to make the numbers work. 

sat on the MLS for a year.

I'm Nick - a 26 year old tax accountant living in Charleston, SC.

Plus, we’re an Intuit QuickBooks Solutions Provider, so if you do go that route, we can hook you up with a great discount on your first-year subscription, regardless of which plan you choose.

Having owned property in rockford its not a great appreciation area so getting a HELOC will probably take 5-10 years based on loan pay down and maybe some slight appreciation.

I can not believe I posted this two years ago.

Assuming when you say "$3900/mo in rental income" you mean cash flow.That means it will take you about 13 years of rental income to equal the $500k in equity you have now. 

We'll be househacking and renting out the other side for about a year to satisfy the terms of our mortgage. 

We're located in Bradenton, Fl, so this property is attractive for snowbirds looking to get away for the winter months but I'm trying to figure out how to fill it the rest of the year.