However, your lending choice will ultimately determine the best route, as rehab costs may consume a portion of your $50,000 investment budget.

They could get a portion of what the tenant gets in coverage but wouldn't get any additional coverage as a 3rd party. 

Additional Considerations✅ Confirm assumption eligibility – Contact the lender directly before paying the arrears.✅ Get everything in writing – Work with a real estate attorney to draft a contract protecting your funds.✅ VA entitlement impact – If you assume the loan, check whether the seller’s VA entitlement is released.Final ThoughtsThis deal has potential, but structuring it correctly is key.

If you need help, DM me, and I’ll point you in the right direction!

Be upfront about your goals during interviews to find a good fit.Broker's Share of Commissions:Yes, brokers generally take a portion of any commission you earn, even if it's from a property you purchase for yourself.

There is a 1 inch gap between the baseboards and wall and the actual floor which presumably leads outside due to my having a room with 3 walls that lead directly outside. 

The owners reached out to me from a direct mail campaign.

The only item I would suggest is double check the payment terms of the your HELOC... in particular, can you pay interest only or are you required to pay a portion of principle each month on the amount utilized.

It's an offer, people, not a directive! 

The only thing the bank required is that I had a checking account with direct deposit setup into their account.