The negligence thing has always been interesting to me because it seems so subjective...Gross negligence seems a more straight forward - rare to no inspections, known issues, complete ignorance of potential issues/lack of due diligence (ie: fence around pool w/ locked gate) etc.

It's a widely held belief that you can mitigate this risk by making a purchase while a rate is known and then if rates go up you are locked in, if they go down and you are able to still qualify, refinance to a lower rate.

We actually just closed on the property so I can give a quick feedback on the dingo and his team.We connected early this year and after many exchanged I locked on a small house in their portfolio and we signed the agreement early May.

I just locked up 7 more SF all will have about 15% or better net caps. 

Thank you so much We will definitely keep our eyes and ears facing the right direction when it comes to investing advice, I have been a bigger pockets radio listener for a long time as well and I am Just starting and so so excited!

Or what would be a deal that perks both people's ears up?

Each lender has their own standards or parameters, such as draw period, FICO required, whether it is interest only or principal and interest, whether you can lock a portion of the HELOC or it is all floating interest rate, etc.

If anyone has any advice, I am all ears!

The first 4 had incentives, but when I got back home and ran the numbers through my wholesale channels, I was able to get really close on the rates (they were 6-6.25%, I was 6.25-6.5% on 180 day locks), but I was able to beat them by around $5,000 in cash to close. 

It's also expensive, locks you in, difficult to use, and the support is very poor.