Some might not be livable at purchase but 5k still seems cheap unless there is something off with the data. maybe the prices were reduced on unlivable properties due to back taxes being part of the deal for the purchase.

They seem to keep going back and forth on this issue.

The 'good guys' on here can help the newbies by pointing out the very obvious trolls......Just my $0.02 I think if we have active moderators and active community to help put them back in the bag it will be fine as well.

I do not flip flop back and forth between them. 

Raquel,I'd like to welcome you back in Indy.

Most Heloc rates right now are around 7.75% to 10% so if you look at your blended rate between your fist and Heloc you would be better off doing a cash out refinance.A lot of people forget or simply do not know that if you do a cash out refinance the rate does go up but in 12 to 24 months if you do a "rate and term" refinance you can get it back down fairly close to where it was at prior.

Quote from @Joey Backs: Hi all, first post here!

The most important thing is to know the details of your local program like the back of your hand, then look for loopholes.Just to give you and the other BP'ers a deeper handle on why some TDR programs work and some don't, I just uploaded an excellent study on the topic to my FilePlace at http://www.biggerpockets.com/files/user/ChrisNewma...

I'm presently a facilities engineer by trade, who does some construction and maintenance for landlords on the side, hoping to get back into the private real estate game.

However, when peeling back the layers I find myself at dead ends time and time again.