Hopefully, I would increase the value of the property in 1-2 years and be able to refi out of the FHA mortgage.

What’s the plan?

Perhaps going to the local building department or title company to see who the big land buyers are in your area would be helpful for starting to discuss the idea with someone nearby?

I would shoot him a text and follow up with a letter through the mail to be 100% sure if I was concerned.

The goal of a HELOC is a quick line of credit to either refinance or sell and pay back the HELOC as soon as possible.PS - I would recommend taking a look into the Columbus Ohio market, there's tons of 1% rule deals still within the 120-180k price point with amazing appreciation potential.

Is the loan assumable? 

@Marc Zak Using an LLC for each property provides strong liability protection by isolating risks to individual assets, with income and expenses flowing through to your personal taxes on Schedule E.

It might be more a matter of fine-tuning your listing than just a shift in the overall market.

@Nevin WilkieGreat tips from @Matthew Becker.

The cause of the 2008-2010 Great Recession was bad real estate loans - if you could fog  a mirror, you could get a mortgage!