After that initial conversation, I simply followed the instructions, kept up with our email communications, and let John take care of all the correspondence and negotiations with the credit institutions.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

But even if you only wanted to pay your mortgage off faster and not invest, it works as long as you are disciplined, don't increase your expenses w/o at least a corresponding increase in income and basically use the HELOC as your checking account.

If somebody wants equity, I give them the corresponding ownership.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

The easiest and cheapest solution is probably to have a PO box there and us that address for the application and select that you'd like all correspondence to go through the property owner rather than the property manager.   

Any deductions (including mortgage tax, insurance etc.) added there was split accordingly and corresponding amount was shown under rental deductibles.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.What else can we assist you with?

It is the rate your qualifications get you.Buying the rate down and a lender credit are the corresponding poles to the middle "par"Generally speaking, when your originator is looking at his pricer, there will be a list of potential options.

@Tara Unruh one of the first things want to educate yourselves on is Property Classes.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.