Quote from @Lorraine Hadden: Take these California Malls ---- Eastmont Mall - Closed (Oakland); Carousel Mall - Closed (San Bernardino); Laguna Hills Mall - Closed (which was featured in BACK TO THE FUTURE); and the Village at Orange - Closed.

The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...

This means that every non-government job your tenants have will likely end in the foreseeable future.

Higher loan balances we would likely see an opportunity in the future to refinance again due to lower rates so consider a 2-3 year prepayment penalty.Of course if you qualify for Conventional Financing (Fannie/Freddie), there are no prepayment penalties so just calculating out the return of investment timeline on point buy downs.Good luck shopping and let me know if you want to talk further!

This tells us that the tenant may be struggling financially and will have even more trouble paying the rent in the future.

Now that’s he’s saved you $3,000 and told you how to avoid it happening in the future.

@Daniel Medellin Regarding your question, it would depend on the lender or bank you're working with if you want to go that route in the future. 

You can get 90% of the future equity, but you do have to have a GC do all of the work for you so you cannot DIY for future repairs. 

I have not yet but I am planning to look into it for a client in the near future.

Stay tuned and work with their folks for details, should be some exiting things in the future.