They MAY somehow get lucky and flip one deal for a small profit; or get VERY lucky and hit an area going through rapid price appreciation and be able to leverage that for a short period of time.  

Finalizing terms now and will begin inspection period soon.

They will go "fully amortized" after 10 years meaning your draw period ends and you go back into repayment mode.

The county you live in may require code inspections if utilities have been off for an extended period of time.

This expedited procedure allows a taxing unit to register a judgment against the property in the state court, facilitating a foreclosure sale after a period of three months.

You'd access the HELOC funds and then lend them to an investor at an agreed-upon rate for an agreed-upon period of time.

@Ryan Lee   The 60 day seasoning period is really more of the max bank statements that would be required for underwriting would be 2 months of 60 days.

Get your dryer's exaust cleaned before you open up the unit for rent and periodically therafter.

That also goes towards the idea that you don't want a pre-payment penalty after a certain time period if you decide to refinance your deal to get a better rate down the line.You definitely want to compare the deal your seller if offering to what else is out on the market.  

It's pretty one sided.During their "inspection period" they will list everything wrong with the property, "real or imagined" and try to get you to reduce your price.