However, the article notes that the typical line offered is between $1M and $5M.

Since the adjustment, we have not been paid in full on the first of the month.In my experience, it is generally preferable to rent to lower income folks with no credit that are typically found in the same neighborhoods, such as recent immigrants.

@Brody Veilleux FHA 203(k) requires you to get bids from licensed contractors, so lender knows you have accurate numbers.Once you close you can typically do the work yourself, although you won't get draws/funds for your own labor.HML will require the same.

HELOC isn't a typical loan.

The tenant moves in next week and I will be doing a unit walkthrough and orientation with him where I will go through the key parts of the lease since he didn't sign it.A couple other things that are different from typical MTR stays:- They are not using my property management software (RentRedi) to pay rent.

I am curious what typical seller financing terms/structure might look like. 

It all depends on the local market and specific property, but these are typical ranges.

So, not knowing your investment thesis, but for us, our strategy is patience and going after deals that need far more than any typical homeowner will want to take on.  

Investors typically have more write offs than they have income… So no income tax in Texas is not as compelling as some might think in my opinion.

@Jonathan B.On a reverse mortgage no, but if it’s going to foreclosure then it’s typically because it’s upside down / under water or there is no heirs.You could call the attorney and ask if they will let you know what the opening bid or payoff is on the property or do a case search on the county website and see the complaint as that will typically tell you the amount.