Exactly what i was looking for The other commentators have added a lot of good info and value - I would chime in though one thing to look at closely is the property type - is it a true "log cabin" or more of a single family residence with "Cabin style" finishings?  

It is not a land contract, so it probably doesn’t need to be in writing, and you got prior performance issues anyway.2.

You can either write checks or make ACH transfers directly from the HELOC if your lender supports that, or transfer money to your checking account as needed to satisfy your cash draw needs.When I had my house, the 1st and the HELOC were both with the same bank as my checking account.

I just sold one of the Class C - I saw the writing on the wall. 

highlight_post=6803139&page=1#simplified-forums__discussion__replies-containerI have no reason to alert you of this danger other than honestly trying to help you avoid the trap that the rest of us fell into.FOR YOUR OWN SAKE, DO NOT BELIEVE ANYTHING MARCO OR NORADA TELLS YOU UNLESS YOU SEE IT IN WRITING AND HAVE IT VERIFIED BY YOUR LAWYER. all investments have a perfect pay record until they dont.. did you really think when you asked the question they would say..

My problem is that I am unsure of what to write. 

They will also be using it for a STR/college style rental property as well.

I’ve taken a couple of days to navigate around, and I think it’s about time I write my first post with one of the questions I have in mind.I have zero experience in the rental property business, but I am eager to learn.

I no longer invest in rental properties directly, I prefer spreading small amounts ($5K) in real estate syndications through an investment club, but we did a write-up on this company a little while back.

Construction style matters.