So, at this stage which characteristic has priority over the other?

The realtor that showed me the property only found two properties, one with less square footage than the subject property and the other with different characteristics (the subject property is a 3/2 and the other comparable was a 3/1 with a 10% overage on square footage.

If you tell me it'll be worth 150k, you may be getting nobody telling you its a good deal.To me, I always try to look at the balance of both the rental income it will generate, the LTV I'm getting in at - which also tells me equity capture, and the property characteristics itself. 

The way it is explained it has no redeeming characteristics. . 

Although the FAIR Plan is considered a market of last resort, applications submitted for coverage are subject to underwriting guidelines for characteristics of ownership, condition, occupancy, maintenance, and liability exposure.

Typically HELOC's on primary residences have the below characteristics: - .50 to 2.50% fixed margin + Prime rate which is 3.25% currently for primary residence (more for business or investment properties) - Max rate 18% - depends on your laws in your state but in CA its typically max 18% - variable/adjustable month to month so its not like ARM's which adjust semi annually or annually these adjust month to month or whenever Prime adjusts.

What it does specify are the characteristics that a successful investment must have.

I used zillow to look at previously sold houses with the same characteristics in the same zip code.

I am a very competitive , determined individual, which are key characteristics in this field.

The characteristics of a NNN lease are as follows: 1) Typically a credit-tenant.2) The lease is long term in nature (10+ years) with multiple option renewal periods and rental-bumps structured throughout.