There are tougher requirements to satisfy underwriters and there are actions to take to fortify your home that can lower insurance.

These are boiler plate loan agreements that are consistent with the loans underwriting requirements.

We back into the "strike price", meaning the maximum price we're willing to pay for a property, by starting with a conservative ARV and then backing off our required profit, the rehab cost, the time value of money (carrying costs and interest), and a contingency reserve for unexpected expenses.

After the lease is signed, you can open the security deposit account and then provide the tenant with a formal notice that includes the account number, bank details, and interest rate.This notice can be a simple letter or email, which should meet NJ’s requirements without needing to amend the lease or have the tenant sign it again.

In working on construction loan financing, the lender informed me I'll need to unencumber that portion of the property (makes sense) before closing on the construction loan.I understand there to be two methods generally speaking: refinancing my mortgage and removing that portion of the property in the process OR attaining a partial release from the lender to remove that land.I *strongly* want to avoid refinancing as I have an amazing rate, but partial releases seem complex and also require a survey.

Your best bet is to find one that has flexible membership options, without high spend requirements.

Not all realtors understand the requirements, and even when they do, don't always try to keep you out of trouble.

One challenge was managing extensive renovations on a modestly priced home, requiring disciplined budgeting and planning.

A heloc can "never" be used as an "Asset" or Liquid reserve both required when you purchase additional rental properties. 

The Seller is required to disclose any material defects and a fire would definitely fall into that category.