Last time I looked at SFCU's zero down jumbo stuff, I was seeing numbers in the mid 5s using where the index is at today to simulate the adjustment 5 years from now (when the index might be higher, who knows). 

Since it is an REO, the bank gets to pick their title company and I can assure you they will not perform this for you.In order to pick your own title company, you will have to offer to pay all fees including the title policy, thus increasing your acquisition costs, and this will only happen IF the bank agrees.Secondly, your end buyer must be all cash.It can be done, but it is much more difficult to wholesale an REO via simul. close.

If you decide to leave the Columbus area and head back to the Front Range (I'm in Fort Collins) look into a 1031 exchange or keep the property there and do it again out here, or whatever market you find yourself in.I would also recommend getting involved in some local REI clubs, analyzing your market, simulating deals, networking, all that good stuff.  

I would try and simulate an amortizing loan based on how much $ you are using from the HELOC.

I'm an ex-Air Force pilot and train military student pilots in a simulator.

My recommendation, if you want to do them, is only do simul closes with end cash buyers.

If they are a cash buyer, then you no seasoning restrictions and can do a double or simul close.

Features as per website are:"online text, online audio, online flashcards, practice tests, test simulator, proactive instructor, PDF eBook, Exam Prep Book"I’ve found the web interface easy to use so far.

You could ask your loan officer to run a What If simulator to see how much of a score boost you would get by paying down your balances even further.

This portion of the course will be more of a simulation.