I seriously considered asking how she could afford that and not a rent increase, but it was water under the bridge at that point. 

People can't go further north (too much bridge traffic), can't go further south (proximity), can't go further east (mountains) and can't go further west (mountains and water).  

Dear Bigger Pockets Friends and Colleagues:I'm thrilled to announce that my company, Two Bridges Asset Management LLC, of Brooklyn, New York, just completed its second transaction of the year, a 132-unit residential rental property in Simpsonville, South Carolina, known as the Village Park Apartments.  

@Jeff Bridges  This post is truly what bigger pockets is all about.

Is it possible to (and/or advisable to) draw a home equity loan against my primary to bridge the shortfall for the downpayment and help me acquire the property?

The title co, dictated by seller, is getting the other fees - processing, settlement, closing, doc prep, courier, copying, etc etc etc, the charges are on both sides of the HUD, buyer and seller with the understanding that if bank doesn't pay buyer will step up to bridge the gap.

I agree 100% with Jeff Bridges I probably couldn't have worded as well as he did.

They built bridges, roads, canals, and railroads.

@Jeff Bridges , I would worry about that 70-75% figure only if I were flipping the property.

Yeah, I'm afraid you should have thought of this before, but it's water under the bridge now.