Not sure how well it would stick to hardwood floors or OSB but I suppose it would be good over smooth clean plywood or concrete.Or are you talking about the planks that float and interlock?

The location floats around, so check their page for details. 

With current interest rates the "float" on a HELOC from immediately depositing funds to it and paying bills from it when due is not really going to save you a lot.

Remember that there are many people who rented while they fix their houses (floating population).

I get your drift regarding rental - i intend looking into all that before i acquire a property for rental.

Banks make money in a number of ways:The fees you mention above.Fees for servicing the loans on an ongoing basis.The "float," i.e. using the money from the time they borrow the money from the government (at next to no interest) until the mortgage closes.The "spread," i.e. the difference between the interest the bank pays to the fed and the interest paid by the homeowner

Or boats.. cars are just something we need .. when you really make it you fly or float

Then it may be worth the risk of floating the property for awhile. 2) if you absolutely love the home and hope to move back into it someday.

(You confirmed something that has been floating in my mind for sometime now.)I often read about all these "creative" options and hustler-approaches to finding a "deal" but often times the things I find are in such poor quality that any sort of rehab (something I too am not eager to do as I have a job) would make it more expensive to buy.I do wonder though, maybe it's just our market, at least in Northern California, comprised of a bunch of angry, anti-government, VC-money-dreaming techies (looks in mirror, haha) so perhaps the midwest reacts better to those letters. 

Absolutely newbie investors should network, network, network, and let some of that be with us, hehe.An idea I've floated that my broker is "thinking about" at the moment, is for our market center to federate or partner with a PM company, a mortgage brokerage, and a good General Contractor, to make a "Core 4" alliance that would be turnkey to out of state investors.