@Jake Douglass, while we would never share specific details of a former customer's properties, we don't believe this in accurate description of what happened in this case.

@Ismael Souley I control over 100 units in the Indianapolis area, I haven't looked at PA but Ohio I have several connections and pretty solid there too I believe, you can definitely find what you are looking for per your description in Indy, multi-family C class for under $75k.  

They can get instant geographic and niche diversification, get into larger deals offering advantages over smaller deals (scale/forced appreciation) while they learn  how the big players operate and leverage that to do some of their own deals.  

I think some of your descriptions of your different mortgages and using the term HELOC may have caused some confusion in this post, so I will just speak to the HELOC side of things (because Scott covered HML quite well).You are correct in that a HELOC is like a giant credit card attached to a residence.  

There's to much to list as far as descriptions of what's been torn apart but I will be forth coming on the success of my repairs and rental potential when I'm finished.

- Do you need an in-house leasing agent - Shucks..... a general job description of what an owner would expect a management company to perform would be helpful.  

Nothing matching that description is available for sale in Columbus, I can assure you.

All too often investors study the numbers too deep and not the geographical location, companies and individuals they are giving their money, and not having enough money to make the investment move. 1.

The trend (at least from the deals that I'm seeing ) are the sponsors charging higher and higher fees (from just a few years ago), having less experience  and sometimes even less desirable geographic locations (that may not have held up as well in the last recession).

@Patrice PendaAppreciate the heads up and I have inserted the website in my profile description now which isn't hyperlinked but at least visible now.