I'll looking forward to your immediate response.Please resolve this issue ASAP, our tenants have already submitted the rental payment to your Appfolio account $49,987.00(attached report), however it is NOT showing this amount in your account at all, not even mention transfer the fund to our BOA account.

I’d love to take advantage of a “traditional” mortgage (or even FHA?)

A traditional bank will not give a line of credit even if there is significant equity because it boils down to being able to pay back the money. 

Sometimes even calling them as soon as I saw the inquiry.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

If the rate on your HELOC is higher than prime, then your savings will be even lower.We think we have the lowest fees in the market.

They might even be willing to front the money to rehab it and do a partnership with you to sell it too!  

Quote from @Iliana Herrman: Good evening.

This concept aims at addressing the challenges of what to do with defunct suburban malls and maybe even empty big-box retail store spaces that are in desirable and affordable neighborhoods.