You'd think with all the information out there that it would be harder to pull the wool over people's eyes.

Jim Let us know if you are still interested in the group and sharing of information.  

The information contained in this post is not to be relied upon.

You’ve received some great responses full of valuable information, but I believe you may be missing the BEST market.  

Website shows up as not protected domain - and no longer in existence that should say enough 

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

Quote from @Brad Roche: The other thing that is great for the FHA 203K loan (not sure about the Homestyle loan) is that you can kick the payments out to 6 months of ownership (so close today and make your first payment July 12th 2025) if you are fixing up the home.

If you are competing with cash buyers and a great deal comes your way, it may be worth it to borrower at these higher rates.

Would you recommend the route of a first lien HELOC based on the above situation and information?

Since my RE financing investor does the incentive of paying for the property, I want to make sure that my business partner is getting a great ROI in profits, so I want to make sure that money is working for the first investor making a deal with me in the smoothest way possible!