Essentially, the downside to a HELOC is that you're paying a rate higher than most purchase loan products out there.

@Gorden Lopes Huntsville, AL - Blue OriginOur world-class engine manufacturing facility in The Rocket City will conduct high rate production of the BE-4 and BE-3U engines.

They may have a better product for you or be able to work some magic in your benefit.

They will be on your side and help you shop around to different banks/lenders to find best product.

A true testament to the team's ability to properly identify what people are looking for and make their product stand out.

We don’t do a thorough inspection, but he will bring a wire tester to check the wiring to see if it’s grounded and he looks for defects I might miss.

Make sure you check out all that this site has to offer.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proI really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alerts

The product I know of for this is a 30-year loan, fixed for the first 10.

Visio has a solid financing product for STR's 

Sale price: $163,500 "Henry I" - 3 Unit, Grand Rapids, MI Brrr#1, July, 2015Purchase price and type: $163,500, 3.5% downLoan Product: 3.5% down, FHA Loan ($5,800)Monthly PITI: About $1100/moRehab: 45-55kRehab length: 2-3 yearsRent: $1050/month (beginning total for 2 occupied units)2018 Refi: streamline FHA cash out, or something like that.