They can stop the transaction with returning their money since no lease is signed. 

A fresh coat of paint doesnt stop heroine addicts and gangs.

I want to borrow against the equity and use the money to purchase a Multi Family Unit. 

The bad news is the tenants don't pay rent and if you have to borrow money you don't have a lot of time to empty it out, rehab and go thru process for new tenants.

Yeah, the new tax law doesn't allow that deduction anymore, but it can't stop us from still having cash flow.  

How much money can I expect to be able to borrow?

I don't deal with borrowers, I deal with loss mitigation firms, servicers, attorneys and property managers.

Hello BPers,Has anyone borrowed from Patch Homes as an alternative to a traditional HELOC?

I kinda think like your banker, in a recession people would stop paying on a storage unit

I suppose I could borrow those funds from a family member and then pay them back with the owner-financing proceeds over the next year, but then I lose the benefit of owner-financing (i.e. the interest).Not sure the buyer can wait until my listing agreement expires, as their lease expires in May, a month before my agreement.