After the September 11 attack on the world trade towers, they passed a lot of laws aimed at being able to track people, requirements on having identification to open a bank account, and reporting on tax transactions of over $10,000. 

Often, local lenders will offer additional incentives if the business banking relationship is established.

Most notably a rehab that went $100k over budget and a failed attempt at Airbnbing an Airstream that was a $30k mistake 

We looked at one through Wells Fargo a few years back, not sure if other banks have the same guidelines.

A small chip in the bathtub and that’s a fail, window doesn’t open good enough that’s a fail, bedroom door lock doesn’t lock properly that’s a fail.

@Joyce KimHELOC and home equity loan are not the sameEquity line of credit is a line of credit that let’s you withdraw up to specific amount and you can take less and pay interest on what you drawFor example if you had a $50k line of credit you may choose to use $20k of it and it is usually ten years where you can pay it off and draw moreA home equity loan is a second mortgage which is a fixed amount and paid off over a period of timeHELOC is better in my opinion but if you have no income it will be difficult to get approved even with the equity you haveCommon misconception people have is if you have equity you can just take it, that’s not the case the bank also wants to make sure you have the ability to repay it.

Banks do this because they know that with this difference a borrower probably will not get in trouble and default on the loan.This brings us back to small apartments.

Much of this is on me for failing to enforce the lease terms - especially around an inoperable vehicle.

LL Flooring, formerly known as Lumber Liquidators, is closing all 430 of its retail stores after failing to secure a buyer during its Chapter 11 bankruptcy process.

Banking an 11% vacancy since there are only 2 doors.