But even if it doesn't (I would be surprised if it doesn't), a lease provision that provides that the tenant is liable for damages caused to the premises should be a legal provision.

I was over at Sebastians Inlet last month and drove through parts of Melbourne and was just surprised at how "Vacant" the whole town has become.

A heloc is an open end mortgage or in simple terms its a high risk credit line similar to a credit card that sits in 2nd lien position adding another trade line to your credit and reducing DTI.Just like a credit card if you ever miss a payment on any debts on credit or if your scores drop unexpectedly they bank can close or reduce your line of credit.

Just bought my first property and I feel like I'm on high alert waiting for the unexpected boogeyman to pop out and ruin the deal.

The most surprising thing about this little pocket or north Carroll Park is the DOM, the average DOM for out closed comps are 9 days.

Always maintain a reserve in case you have a vacancy, surprise maintenance, etc.I would start with some basic education, watching podcasts, and then networking with investors in your area.

It doesn't surprise me.

I am surprised you can put a 506b offering on a website that is public facing? 

We don’t fully know the back story on this, but it wouldn’t be surprising if it was people trying to bide time as homes have to be rebuilt.How exactly does it work there? 

I am surprised that they have not reached out in this thread.