Quote from @Bill B.: Tell the original seller so he can be there with a copy of the deed to prevent the placement of the mobile home?

Most new development is well over this mark and, since there aren't likely to be many more complexes built that offer decent living conditions for lower-end rents, there is probably some room to raise Class B/C leases in the coming years as more people move into Louisville.And, if things do decline, the "luxury" crowd is going to be looking for cheaper digs. 

LOL @Bill B., almost no ones old enough to remember that reference :).

So in addition to what I just posted @Christina B., we have had a broken window (the locking mechanism), someone busted up the queen futon frame, someone took the waffle maker, beach towels go missing all the time, TV remotes gone, etc.People like to put stuff in places they think they should be.

fraudulent conveyance or fraudulent transfer;b.

Blue, Green, Yellow, Orange, and Red are A, B, C, D, and F, respectively.

You would pay a second round of closing costs, but only for re-fi, not with the additional seller / buyer closing costs that would be unnecessary (escrow, title, etc.).So anyone searching for VA renovation loans can always use this model as "Plan B" if you can't find a good VA loan.

So, just make sure you at least have a plan B and plan C to pay back the HELOC behind your plan A (rental cash flow).

Especially labor intensive endeavors like flipping.I think you'll find that using an IRA works best if you a) purchase in cash and have a professional property manager, b) invest in notes or c) loan your funds out to other investors for a higher rate of return than what one could expect from Wall Street.Could you flip houses in an IRA?

But using a HELOC is a risk because a) the liability is against your primary residence and b) current interest rates on HELOCs, which typically adjust after the initial term, are anywhere from 8-12%.