But I agree, everyone should take out a HELOC on their own home, for investing!

It could be that the property wasn't built yet and it was a land purchase then the buyer bult the home. $5,000 is still pretty cheap for land though unless the land was bought long ago.

Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or so high)- Last Sold: 8/2021 for $281K- Roughly 1400 sqft- Some cosmetic work needed- $25K left on solar loan- The home was build in 2004 and it looks like it has the original AC unit, so I am assuming that needs to be replaced too. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.

In property management, you're responsible for overseeing properties that may either represent investment assets or hold significant emotional value to their owners, such as a childhood home.

Hit rate should be in the 90% for home owners.

Single family homes are exempt from rent control when privately owned.  

It's a 4 bedroom SFH for $325k, built in 1990 and it's got many upgrades including a 2024 roof.

When I saw this product offered through CapFree Xchange and Appreciation Homes (out of Dallas) I was hesitant.

After reviewing your application, we’ve determined that, unfortunately, we are unable to move forward with your application at this time, as it does not meet our established criteria for income and (other established criteria) We appreciate the time you took to apply and wish you the best of luck in your continued search for a home. 

I hope you or someone is at least keeping an eye on your properties for break ins, squatters, roof leaks, temperature control, frozen pipes (if in cold climate), if you have a basement and sump pump goes out leading to water damage etc.I just talked to two investors in California that have let their properties sit vacant (no mortgages so paying property taxes and insurance).