I have ran numbers by calculating the risk level, cash on cash return and cashflow.

Hello Fellow Investors,Looking to help out a friend.

I am working to build out some models for each but I don't have a clear idea of the route forward for construction or long term financing.

Then a traditional rental once you move out, assuming you will rent the whole house.

He was eyeing a property with a HELOC attached, and we found out.. from what I've herd, banks can be a bit cautious when there's a second lien.

Fill out both medical and legal power of attorneys.  

The reason I think that is when it is coupled with his comments to call him if you are a cash buyer and that you never need an agent.

First, I would recommend calling around to apartments and other PM companies in your area to find out what is common. 

My assumption is that when negotiating the purchase of the property I would have to pay off the mortgage, or would I be able to Pay off the taxes and maybe provide the current owner with some cash and then work with the bank on the mortgage?

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