How much would you need to borrow? 

I'm a strong borrower so can likely buy up to 4M. 

Start by talking to your bank to find out how the debt impacts your ability to borrow and what your options are.

The T12 reads like a story, and once you leanr how to understand a t12 and the rent roll, underwriting becomes much easierBuy on pro forma (yours) borrow on actuals. 

Unless the seller/lender is added to title as a joint tenant, which would be downright stupid, the only other way they are “getting the property back” after the death of the buyer/borrower would be to foreclose and be the high bidder at the auction.

In today's market current inflation is actually higher than the rate we are paying to borrow for 30 years. 

Borrowing 80% of the equity doesn’t seem to add up.

Thus, I ensure to vet the deal to forecast the best (or worst) possible outcome for the borrower and a private money lender.

With many seasoned real estate investors locked into low first mortgage rates and large equity positions, many borrowers and investors have been exploring tapping second position loans like home equity lines of credit for reinvestment capital towards down payment or rehabilitation funds. 

They focus more on the property's value rather than the borrower's creditworthiness.