ARM) to purchase a single family residential rental property (house 'B') for investment reasons.Amount borrowed with the Signature HELOC was $100k but property values (near house 'A') have fallen and are at approximately$70-$75k at this time.House 'B' is "free and clear" with no loans, claims, etc. against it.Have never missed a payment for this Signature HELOC loan but it is highly probable that I will not be able to fulfill this loan requirement.Questions:Can the bank (who I have the Signature HELOC with) come after additional assets if I default on the Signature HELOC loan?

Yea, LA is certainly a tough market to crack, however, bc of that, the rewards are just as fulfilling :)

While I like what I do and do not intend to quit medicine, I am also realizing that medicine can no longer fulfill both my personal satisfaction and financial freedom.

I'm no lawyer, but I think you may want to point out this one sentence and let the landlord know that you are not obligated to pay rent after the 16th because you fulfilled this section.

@John K.Our lease (actually the schedule 'A' to our lease) identifies the tenant is responsible for any by-law infraction fines assessed as a consequence of their failure to fulfill their obligations and responsibilities (put out garbage, clear snow, or mow the lawn, having non-operable vehicles on the property, etc).When we receive such a fine from the City, we pay it and then send the the tenant a letter and invoice for the amount of the fine, plus an administrative fee to cover our bookkeepers time to issue and collect the invoice {though we typically waive the administration fee on first offences}.

I will ask her to fulfill her lease obligation, but if it does not work, I may not take any further legal action - I am still in the process of deciding on that.

The event was an overall success though I failed in a partnership I made with a company that did not fulfill their end of the marketing agreement.

This is saying that "YOU" and or whoever you assign the contract will have the right to fulfill the agreement.

If you’re reading this, I assume that real estate investing is something that interests you and, when done the right way, is something that will fulfill your financial needs and be satisfying and purposeful.

Can you suggest any good books/sites/resources on how to set them up to best advantage and how to run them and do the accounting and fulfill the other requirements?