Thanks,James The only reason you could not keep the HELOC open is if there is something in your original loan documents saying the loan would close once it was not your primary home anymore.

I can send you a solid attorney if you need one.

If they are your true friends how come they didn't tell you the actual lender name who does the 5%?

I have sold many CA buyers our more expensive out of state deals though which run great, for example north side chicago 4 units 800k+ that cashflow with great tenants 700+ scores.

Being an agent gives you some immediate credibility when talking to knew people who are leery of being scammed.

You have to get her out. 

But you can run your own tests on this.

Got it .. thank you for the info.   

Wishing you the best as you dive in, and don’t hesitate to reach out if you need advice or someone to bounce ideas off of.

The neighborhoods you look in will make all the difference in you analysis.