Compare that to a wholesaler who has no proof that they do have buyers or can actually perform.

Do you feel like you are stepping up and doing what you need to do to obtain the life and results you desire? 

As you can never truly be protected other than making sure it's in the contract with your GC who is doing the project.  

If you do not qualify, you would then look into if you would qualify with renting your departing residence. 75% of the lease will be used to offset that departing residence mortgage. as you mentioned the timing of renting the place can absolutely be tricky so you would hope you do not have to do this.Finally, and I guess would be sorta of a trick, but we do bridge loans on occasion in this case IF you can qualify once you get the property rented at market value even if debt to income ratio is too high before it is rented.

Do you have cash to make repairs?

The key is doing your homework, just like you are re doing now.

Do you think this would be feasible in OC and if so, which areas? 

@Lilly Fina, yes I do.

If I do purchase, I'll most likely do 100% cash and/or a small position via DSCR if the numbers work out.

Quote from @Christina Venegas: Quote from @Dominic Mazzarella: Quote from @Christina Venegas: is it possible to do HELOC on a primary home that was purchased 6 months ago with 5% of down payment, the property was $145k and it was appraised at that time for $160k. i need advice from investors and lenders, if anybody knows some lenders that could help me I would really appreciate it, thanks for taking your time to respondIt’s definitely possible to get a HELOC on a primary home, but most lenders have a seasoning periods which are typically 6-12 months after purchase before they’ll allow it.