My crime prevention class was canceled and I’m looking for an update on the rescheduled date.

This may be to deliberately prevent discovery of other electrical issues or prevent fire/injury.You will need some form of hard money or construction financing to purchase the property as is, and you will need to get the property occupant-ready to pass an appraisal before permanent financing is on the table.

Using equity can be a smart way to expand your portfolio, but it doesn't have to mean over-leveraging or creating unnecessary risk.

Cutting unnecessary costs could improve profitability.Holding onto a property with a low interest rate in a growing market like Tampa is a strong position, even with limited cash flow.

You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary. 

That might cause you unnecessary stress and lead to dropped balls for your clients. 

Same fact pattern but its your tenant who slips and falls instead..... what prevents the tenant from naming the property owner as a defendant in the lawsuit?

Learning is great and having guidance can expedite and often saves unnecessary heartache. 

It might be worth a follow-up closer to the move-out date to confirm their plans, but avoid excessive contact to prevent escalation.

This would also prevent me from using the HELOC for a different type of investment like BRRRR or fix and flip.