No surprises about not having enough to cover the balance.

A HELOC can be flexible, but ensure you have solid cash flow to cover repayments. 401K loans carry risks like penalties if not repaid on time.5.

But PadSplit does not handle maintenance and any member communications, our management covers that. 

If rents don't keep pace with inflation, you won't have enough funds to cover these inflated prices.Rents and prices are driven by supply and demand.

A ground-up construction loan for a new investor on some vacant land would also be a no-go as you must be able to show successful exits (refinance or sale) from a few projects before that's an option.So, we need to be able to see funds in your account that can cover the down payment, closing costs, and some reserves left over that will allow you to start your rehab.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.

Of course we cover some of that, but that's usually one page towards the end of the book. 

House hacking is when you buy any 1-4 unit property as your primary and rent out the other units or rooms to help cover your mortgage.

So hard money loan in my name, down payment and carrying costs covered by her but we still need to meet to hash out the details.

I’d have a better picture by sitting down with someone at a bank, but I did a calculation online and the new loan on cashing out $130k would still be covered by the current rental payment.

The truth is, the odds of being successfully sued for more than your insurance will cover is ridiculously low.