Ha, it's kind of tough to not appear as the owner, as the tenants probably saw you a couple times while you were still looking at the property, they saw you conveniently move into a unit as the for sale sign was being taken down, their rent money goes to you....etc, etc, etc.I am dealing with the same situation right now on my first deal.

I think I now regret using the word Cap Rate...ha -- it was to give some relevance to what he was asking relative to the NOI he is presently receiving per what I was provided.  

I saw a post just like this a couple below me, then read your response.. and then anticipated the impending stupidity I'd feel from making you have to comment that all over again, ha!

Commercial lenders will sometimes provide a LOC (not a HELOC) but generally most lenders are not in the business of doing second position liens, which ha LOC (and a HELOC) is.

Ha.

However, I have a really hard time calling random people I ha e never spoken with before.

Ha!

Ha MeghanSong's good make that cash flow.

@Kevin Ha, were you able to find someone for your work? 

Ha