If by saying "you can take an equity line out on an investment property but not a home equity you don't live in", Michele is just saying: "it's not called a HELOC, but it's called an ELOC", then why didn't your Loan Officer know enough to talk to you in that same language?

and yes, it's in Fayetteville, and he works at the University, which makes it weirder since houses here sell or rent pretty well. 

I find that in any interaction with bankers, it helps me to visualize them as a robot that speaks a different language than me--numbers.

I've learned that "can't" usually means "won't" in bank/lender language.

.- We can add language to the documents that allows preferential treatment to large institutional equity.

Good luck @Willie Smith I am a East Carolina University alumi from North carolina currently in Austin texas.

I inherited a lease that is 12 years old and has no language about the landlord entering the apartment. 

. - Lot more inventory to work with (flexibility)- I see many affordable homes 150k-250k range and multi unit homes around 250-400k range- Thinking of buying between or near UNLV university/ main strip so I have faculties, staff, students from the universities as well as employees from the casino/hotel- Property Tax is cheaper (but can be a con in other states).Con & other inputs: - I feel like Las Vegas have short term residence more than long term residence (most of the properties seems to be owners who are not purchasing to live but to use it as vacation home or short/long term rentals.... so many properties can be vacant and potentially allow squatters/long eviction process)- Nevada law require a "responsible" person aka landlord/property management within 60 miles - Distance (I like to buy my properties locally because I can stop by or fix something if needed either by myself or contractors that I work with/familiar with- Property Management fees since long distance - Finding a property management company that is reliable and trustworthy. - Unfamiliarity with the area/surroundings- Lower Rent compared to CA but I know I can't compare apples and Oranges (But I don't want to invest just to break even)------------------------------------------------------------------------ Tax questions ***Some state does not have tax on income(?)

The city is great but I speak only the most rudimentary planning language.

Hey All, My name is Eddie Gonnella and I'm originally from Old Town, Maine right next door to the University of Maine where I studied Civil Engineering and lived for 4 years in Orono.