She breezed through her application, has great references and credit score, had already paid her July rent/security deposit, has insurance in place, and is set up for auto-pay going forward.Thanks for your insights!

I'm also considering having them review the lender agreement forms before signing and securing the loan.

You may have to pay off the whole mortgage if the due on sale clause is exercised.No need to move in an LLC if it has a big mortgage and insurance.An LLC can also give you a false sense of security that can easily be pierced with a decent attorney.Just have correct insurance and properly maintain your property.

Grand Rapids is a pretty robust market currently. 

My strategy is to use the heloc as the down payment to purchase the land and secure financing for a construction loan.

Russell, the property owners terms of note secured by the real property, unless in foreclosure, have little to do with the tenants obligation. 

The negotiation process was smooth, focusing on securing a favorable purchase price of $52,000, allowing us to execute a quick, profitable flip without extensive renovations.

3)  So the FL townhouse is secured by the CO property. 

Nexus Capital will serve as the stalking-horse bidder, acquiring most of Big Lots' assets and operations.The company, known for selling home goods through closeouts and liquidations, secured $707.5 million in financing to support operations during the bankruptcy process.

However, if the property is located far enough from your primary home, you might qualify for a second home mortgage, which has lower down payment requirements.At CTF Funding, we specialize in helping investors secure the best financing options.