I want to use my current home and do a HELOC.  

If you buy a property with a tenant already there, what if the home needs a lot of rehab when they move out?

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

$540 is not unreasonable for a home of that size and the items you mention.

I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it can blow up in my face.

What question should one of these home owners ask?  

A JWB client purchased this home on 8/30/2024.

The property, though is not beach front, nor does it has ocean view, is just a short drive from some of the best beaches in the west, which are great for surfing, snorkeling, SCUBA diving.In the 1.21 acres there is a main single family home (4 br) which was divided in two sections one of which is being rented.

I am going to be lending to an investor on a single family home. 

You didn't mention where you are operating, but depending on average home prices, I think you'll be ok.For instance if we're talkin $500k homes, and if you will get a 2.5% commission, split that 50/50 with your Broker, you will end up with $6,250 per sale, right?