It doesn’t sound like refinancing nowadays dried up like 2008-2010, but man I remember how bad banking was those days!

I requested a dry-run test on the forms/instructions I'd be receiving if Auction.com should send me the congratulatory email. 

" * In addition to drying up investment in rental property, one of the worst effects of Rent Control is that it discourages property owners from maintaining and upgrading their property.

If you are raising the rent I'd make sure its cut and dry and is at the end of their lease term, I wouldn't trust that notarization tid bit you got from someone else, if the lease is signed and executed its likely valid through the full term. 

You also deal with endless bull **** with there’s not enough cups, I can’t find the house, I saw one hair in a corner, I thought this was going to be as good as the four seasons, yada yada.

This isn't so cut and dry as some of the folks are trying to make it. 

Furniture, mattresses, pillows, linens, towels, bath mats, soap dispensers, hair dryers, iron, ironing board, vacuum, a FULLY stocked kitchen, TVs, cable, internet, rugs, outdoor furniture, hot tub (maybe?)

Hi Zak-Great question.It sounds like your credit union is offering you a Home Equity Line of Credit as they do not expect principal payments and your primary bank is offering you a Home Equity Loan.Personally, I don't like having to pay on an equity loan unless I use some of it and only pay on the part I use.Although, this is a personal decision for you.If you make investments that provide enough cashflow to pay the principal and interest to your primary bank on the equity loan it doesn't really matter to you as others are paying it.Another consideration is the amount of dry powder available to invest.

If you have been around for decades and saw the cycles you know what to look for in an investment.There are also syndicators that their God is money at all costs and they have big teams to feed so when their asset class dries up for deals they go putting together other asset class deals hoping who they partnered with will save the day because they need those going in fees to keep paying staff and living their lifestyle.My deals the pref is not super high for core plus but these are typically investment grade credit tenants with long term leases.

After the 2008 crash we did a lot of short sales and we got virtually all those deals through direct marketing with a few from bandit signs.When we moved out to KC, almost everything we bought were REOs listed on the MLS.When those dried up, we started getting a mix from wholesalers, a few hidden gems on the MLS and direct marketing.