The number of issues is so large I can't concisely describe them all now, but to summarize, Latchel is exceedingly slow to respond to all maintenance requests, including emergencies, and basically fails to communicate any information regarding the status of repairs.

Many advisors don’t understand the complexities of real estate investing, fail to provide tax strategies, and, unfortunately, some are more focused on selling products for commissions rather than offering real value.That said, not all financial advisors are the same.

Which banks are allowing low fee HELOCs on properties in LLCs? 

[Source: Federal Reserve Bank of St.

Lenders don't like borrowers without reserves.Is it risky if the property cashflows well at 100% financing, in an appreciating area, and you have plenty of cash in the bank to cover any problems? 

@Marizel AshbyBelow are the top things I will recommend you focus on if you don't have at least $30,000 in your bank account or you don't have access to that kind of cash from other sources:1.

If all parties were agreeable (and would likely agree on an interest rate lower than a bank's would be), with $0 down his monthly payment would jump $300-$500, but now he would be building equity in the property.Is there anything else I should tell him or anything I am missing?

If you can find a lender that will borrow you that much, you don’t mind being negative $800 give or take per month, and you don’t have anything for the bank to go after if you fail.

If you make the new property your primary you could put a lot less down depending on the property and the bank you use. 

Zoning varies, so always check the local regulations for your specific needs.Financing: While cash purchases are common, financing options are available through local banks and credit unions.