I'm going to keep looking around locally, but wanted to make sure I haven't been misunderstanding the process the whole time since this is the first time I've purchased a property going into it knowing it wasn't going to at least temporarily be my primary residence.

However, I do understand how some could have a misunderstanding of what you are trying to do, without understanding your background. 

That, I believe is once of the things that people misunderstand, the calculator we use not only looks for standard profitability factors but also analyzes a deal according to OUR lending criteria.

Here is a list of lender who specialize in this field:  https://www.biggerpockets.com/blogs/2810/50272-lis...The bottom line is this: Solo 401k is powerful investment vehicle but you misunderstanding the use of it.

So the winner got the property, but the mortgage was still in effect.There was a serious misunderstanding here. 

I often explain that the estoppel is really there to protect the tenant after close so there are no misunderstandings. 

@Ivan Dushchenko What you seem to be misunderstanding is:You can get a heloc for up to 80-90% of The Value Of The Property, Less Your 1st Mtg.You can Not borrow "80-90% of the equity itself".Simple example:$100k property $70k first mtgEquity = $30k80% heloc= $80k (80% of value) less existing $70k mtg=$10k can be borrowed (not 80% of $30k)

Maybe I’m misunderstanding this - .. they knew this fella was a low life grifter and yet due to an old eviction they did yet still took him in under the lease .

@Ramsin JacobUnfortunately, your description includes several misunderstandings which are too long to break apart in an online post.

Is there something I'm misunderstanding or missing?