As a hard money lender, I specialize in helping new investors secure the funding they need for their flips, focusing more on the property's potential rather than just the borrower’s experience.

The last tenants at one of my SFH rentals were comfortable securing the property remotely based on the photos and video tour, signed the lease electronically, and sent all move in funds to me electronically before they moved to the area.

Unless this is an outright eviction scenario, absolutely do not give her security deposit back.

I've read that they take a security interest in your home and their fine print says they can call the amount at any time (though I'm sure other loans may say the same).

You'll also need a way to collect your security deposit(s) and rent.

If the Fed does not increase buying of mortgage-backed securities, the mortgage rates will not drop significantly.

Thanks,Ani I recommend putting in a security screen door.

I would use the HELOC for a down payment on the prospective investment property and then try to secure a conventional loan(right??).

Given your situation, we can look into options for securing a loan for the land purchase.

The city’s diverse economy, driven by key industries such as transportation, healthcare, and education, supports a robust rental market.