You will pay some nominal fee, like $75/year, to keep the HELOC open with zero balance. $75/year is nothing, and what it gets you is ready to write an offer the second that killer deal  you've been waiting for this whole time crosses your desk.

We pay a very nominal fee and then they get revenue from the people who attend that buy food and coffee as well.

@Alexander Felice I nominate @Keli Coleman! 

Most of the time, sellers willing to sell to a wholesaler don't care, or you can do a nominal deposit.Attorney - no, you don't need anyone there, it's a contract between you and the seller.

If you could add closets in the other 2 rooms for a nominal cost, could it then be listed as a 5/2 and could you get more for it?

We have no "mine" and "yours," just "ours".

You can blame (or thank) Lenders for nominating  1-4 as "Residential", and 5+ as "Commercial". 

@Beau Fugitt, I nominate quote of the day:..."

Jerryll  I am nominating you for a pod cast  @Mindy Jensen   you can talk about your SEO which I don't understand but maybe you can teach others.. and watching your rise.. your the essence of the BP.   

I will plant the trees ( make the investments) that keep on giving the passive income to the nominated charities.