This could make it challenging for an appraiser to value and therefore difficult to get a loan against the property (or sell to someone using a mortgage to purchase).

If you are considering using a more commercial method, such as a DSCR loan, those products are simply reserved for commercial use and not personal.

So I’m a fan of using a HELOC to snag properties.

The website 51west.properties also scores low on scam advisor ("owner is using a service to hide their identity, high number of suspicious websites on the server, registrar has a high % of spammers and fraud sites, website is (very) young, website appears to be hosted by a company with a bad reputation", all according to https://www.scamadviser.com/check-website/51west.properties...)Trust your instincts. 

Like I said before I would not attempt a hud purchase ever again using a conventional loan. 

@Dave Harlan They have an amazing product but your better off using a mortgage broker with a great reputation for customer service because they offer wholesale pricing advantages to their brokers and the only complaints I've ever heard about them have come from service issues on the retail side.

Hello everyone,I’m about to close my first deal, but the seller is insisting on transferring the title at the courthouse rather than using a title company.

I'm interested in everyone's opinions on using a HELOC to purchase turn-key rentals for the short term and covering principal paydown across all new mortgages / loans ( HELOC ) through excess income. 

And you'll likely want to consider more fringe & cheaper areas for lower prices & better cash flow.I bought a 3-unit building in November last year when rates were 8% using a renovation loan (5% down), made cosmetic renovations to the units, and then we got way stronger rents than expected.

Have the tenant pay for repairs and maintenance with future rent increases by using a line of credit.