@Chris Johansen There’s a few action items you should take care of to protect yourself from construction related liability.1.The Builder should maintain commercial general liability and professional liability insurance 2.

I have also purchased resid. and comm. properties where the landlording/property management was really poor. 

Having the funds to handle evictions and turn units quickly is the key to stabilizing the property and protecting the investment.

     I think the 1% rules best value may be to protect less experienced investors from overpaying for a rental Income producing property.

That being said, if this is a Heloc for an investment property and not your primary residence, most banks and CU's treat these as commercial LoCs, so the rate is likely be 9-12%.

No one in my family really does real estate except for my mom which rents in PR and a couple houses in Dominican Republic but these were things that happened by chance (DR houses were inherited and PR was our primary residence when I was little) ...  

I bought it about 9 years ago as a primary residence, which keeps my taxes low.

Investment Info:Single-family residence buy & hold investment.

Once you’ve chosen a home, we buy it, renovate it, place a resident, and offer it to you for purchase.

Summary: Portfolio product with 1% minimum down payment and no PMI requirement designed to benefit those heroes who serve and protect our communities.