If he uses the HELOC responsibly, he'll be able to serially buy performing hard assets and eventually get to the point where the monthly cash flow will provide future down payments.6.

If these type of damages occur in the future, I would recommend holding the tenants deposit, or if there is a claim to be made through the insurance you sell them you could approach that avenue.

Anybody else concerned about the future of commercial real estate with the coming robotics and AI?

I have a sister out in the valley that will be looking for small muti-family in the near future. 

Schools are solid, demand is high, and I think that you'll see an increase in housing prices in the future.

I believe we will see an uptick in audits in the near future.

In the future you could add in penalties for being late and possibly a bonus for being early.

Maybe in the future I'll just start any post with the headline "NEWBIE INVESTOR QUESTION" and I'll get sympathetic pats on the back instead of bewilderment at my zany ideas that are unbecoming of someone experienced 😂

Adding a response here in case anyone stumbles across this thread in the future.

In future if you are refinancing I would sometimes look to pay a higher purchse price but have seller concessions to bring the price down on paper but not for comp purposes.