Be careful on these loans as the market is slowing and if the economy slos enough banks have a history of not renewing these type of loans and even sometimes calling them in early if they think you are a high risk borrower.

If paying for 2 appraisals is a stretch, I would be very conservative on your next endeavor on getting a Heloc which is a risky product

I know it sounds counter productive, but it usually saves time and money to offer the tenant some cash to be out by a certain time leaving the property in a certain condition.

You could roll over the 401k into one of these products and avoid the 10% penalty?

Need to be selective on product and on micro level location and property management is key to achieving thisFeel free to drop me a pm if I can help

Its been a slow go seeing the realtor is on both sides of this transaction and clearly wants the closing to happen on schedule. 

Income from RE investing is slow and boring (in a good way).

There are mixed reviews on whether this is a positive or a negative, but if the other factors have been met, this is another great sign you've found a company dedicated to providing a quality product and resident to manage.Also, even though some of the prices look like there is a premium in price point, you have to find the value in the services being provided: Extensive research in the submarkets in their city, leasing services, value add to the property, and property management.

Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro

Seems like houses are selling very slow there due to the large supply.Here is a link to the listing.