Hi @Michelle Le Mere       I'm a bit confused, you have debt on the property and you are seeking a HELOC to access the equity, but then you said you'd payoff the mortgage?

I do not say "lead free" in any marketing, rather I attach a copy of the inspection report to the documents available when I list the property (along with mold disclosure, square foot disclosure, source of water disclosure etc. etc...).I have merely used the phrase "lead free" in these posts to save myself from typing "The results of this inspection indicate that no lead in amounts greater than or equal to 1.0 mg/cm² in paint was found on...................."

Point being - my property manager merely calls a plumber, electrician, whatever - he doesn't repair it himself -- - so why can I just cultivate relationships with handymen?

To merely write this off as irrelevant or something to be frowned upon doesn’t give it a fair shake in my opinion.

In NYC you could easily be paying north of $2000 on rent for a mere bedroom, so getting your monthly housing cost to under 4 digits is a huge win.

If so, it might not just be so simple to create an LLC and transfer them out of your personal name, and their mere creation does not necessarily protect you   I agree that having proper insurance and perhaps an additional layer of umbrella coverage can be helpful.

All loan closing fees, carrying costs, etc. are wrapped into the loan and will be paid once the property sells in 2023.Does the answer change if an LLC Partnership was created with the builder and investor for the mere purpose of limiting the liability as part of the construction process?

Some cash only sellers may be satisfied if you merely offer a contract with no financing contingencies which would mean if you fail to qualify you'd likely lose your EMD if you have to back out.As others have stated, there are many reasons to list cash only.

I'm merely relaying advice that I've received from different cross-border tax and legal professionals.  

It means that bargains are on the way, especially for properties with maturing bridge debt, where the sponsors underwrote an refinancing into permanent debt at pre-2022 interest rates.The potential is way larger than the mere 1,457 properties identified by Trepp.