Wayne, I thought the same thing but I've read this several times and this contract doesn't have any language stating assignments.Thanks for the comment.

You only need a place to track tenant information, payment history, maintenance, etc.

My thought is is use the Rent Ready feature of reporting his payment history to the credit bureau so it can work in his favor as a trade line, but I'm wondering if this is an unnecessary added step since he can already pull transactions on his bank side. 

New to the BP forum and joined out of curiosity for a hypothetical scenario.I know everyone's situation is different, and everyone has different needs and priorities within Real Estate.So I was curious on one of the many situations one might find themselves in.In this scenario I wanted to ask if a HELOC on either your primary or an existing rental property out of 4 total properties would be a viable strategy for acquiring practically " turn-key " Multi-Family rentals?

@Elliot Angus  I'm not clear what the opportunity is, are you looking to purchase this property? 

Access to capital at reasonable rates IE from a Bank not a HML or PML this is also a big deal  HML / PML is generally 14 to 18% apr on your projects..

Thanks for the heada up on this issue. 

A great resource to explore would be the NARPM accounting standards.

This is where your team comes in real handy. 

Considering some SFR properties in Cahokia / Cahokia Heights, Illinois and looking for some recommendations on inpsectors in this area that do a good job looking at multiple properties