If so, make sure to visit/know of the grocery stores, restaurants, things to do, etc around the area even if just driving by.

Just trynna help the situation.

New to the BP forum and joined out of curiosity for a hypothetical scenario.I know everyone's situation is different, and everyone has different needs and priorities within Real Estate.So I was curious on one of the many situations one might find themselves in.In this scenario I wanted to ask if a HELOC on either your primary or an existing rental property out of 4 total properties would be a viable strategy for acquiring practically " turn-key " Multi-Family rentals?

My understanding is the Padsplit’s member agreement model is to avoid such situations.

Sort of same situation but the home was not in that bad of shape. 

We're worked with similar organizations or placement companies that help tenants in need from various situations (e.g., domestic violence).

What is your roof goes, a heating unit.... you're credit card debt could build up quick as a result of this putting yourself in a bad situation.

Everybody has their own situation.

fyi, one of my children (also in Indiana) had a very good experience with a VA loan through Veterans United.If you can find a tenant who wants to be rural and have space but doesn't have a down payment or for some other reason doesn't want to buy or can't buy, that person could be an excellent fit for your situation. 

Being on a main road that has bus stops is great too as you're property can still run well without a great parking situation.