They're looking for a stable market that is gobbling up houses just after a slow period so they can still get good deals on land before it gets hot and popular again.  

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

FYI, an order has been filed in the lawsuit Kiyco Concrete v BTC stating the case will go to trial in the 5 weeks starting October 14th.  

When you say "open rate" mortgage, we would say "variable rate" and the rate would reset periodically based on some standard index.

ET says no employees period, even if part time. 

@Austin TessMany lenders have a seasoning period (typically 6-12 months) before you can refinance.

I wanted to go to hearings/trial, but never went out there. 

The property was leased for $2,150 per month.Refinance and Return on InvestmentAfter a stabilization period of 6 months, the property was refinanced to leverage the increased value created through renovations.

If My father and I use the heloc to fund the repairs; I'm concerned to have payments on a heloc as well as giving up all the cash flow for a period of time.

My advice would be is to talk to multiple investors who have real world, actual success-based experience in flipping over a sustained period.