Lesson learned is to pay more to get into a nicer area (B neighborhood) with more reliable tenants to avoid the vacancy risks, but again, if we can just get the 2nd unit filled we will finally have stable cash flow.

It only takes a few minutes to comply, and this way, you don’t have to worry about any decision they finalize on later.

yes, you could use the HELOC as a down payment on a hard money loan, and then the hard money loan for the rest.  

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

is so what lender did you use that provide non recourse loan?

Most lenders are going to be limited to 70% of ARV ($560,000 total loan amount) but that means they could fund 85% or a bit higher of purchase price + rehab ($560,000/$645,000 = 86.8%), which is solid.

Two things I remember that probably don't happen today: -First property was a no-doc loan, technically low doc because you still had to provide information but with 30%+ down pretty much anything you wanted was yours.

I've spent the last 3 years nagging the city to sell me a lot next to my property so I can install a driveway and they've finally agreed.

Tonight I'm going to look over my statements versus our interactions and finally make the call.

So the though Hey I have an 800 fico and I should get a loan does not work.