That could be anything from not accounting for capex/repairs/vacancy in their calculations or a complete lack of knowledge in how to calculate their future property tax obligation (this is a big deal in Michigan).Just the other day I had a call with an investor looking at a 10-unit property in Detroit.

The issue that I'm facing now is whether I want to pull it out against one of my rentals or on my primary.I have found a bank that will allow me to borrow as a second lien on rentals but their rates are higher than what I could get when just doing it against my primary.What I'm most worried about is what happens in a worst case scenario, should something drastic happen in the market.From what I understand, using the money against a rental doesn't necessarily provide much more of a safety blanket in case things hit the fan because if, somehow, the HELOC lender can't recover their money, you'll get sued anyways.

But if a buyer is simply trying to squeeze you, trust your knowledge and move forward with confidence.This deal turned out to be a home run for us.

we dont mind working with knowledgeable agents but man the ones that are new or never sold new construction are just horrid to work with most of the time.. they simply dont know what they dont know and just create a lot of unnecessary drama in the transaction.

So far it’s been a great experience and I’ve learned a ton and now have a little more courage and knowledge.

Maybe as an additional safety net set your DSCR% or cash on cash return a little higher than other areas you own. 

Unrelated to HOA but if homes won't pass the safety engineered designation, who demo's house and haul off and when does HOA or city make owner to remove?

Hello all,First and foremost, thank you to everyone who has given so much knowledge the last few years as I dipped my toes into real estate. 

This should include which areas you can access, what hours you can work, and any safety measures you’ll take.

You have to confirm there are no pending assessments and lawsuits against the HOA before buying and an assessment usually comes for roads, roofs, windows, decks, and stairs that were not done properly or have a safety issue.