what if the borrower stops paying and the property goes to foreclosure and sells for $150k at foreclosure sale?

You need to watch out for point of sale, lead paint requirements, and Cleveland's new investor requirements.

There are still cash flowing opportunities at current rates and I am closing 2-3 per month for people like yourself. 

You can buy a SFH or a 2-4 unit close to the beach by the Guld side and stay under $300K.

For example, I just closed on a turn key 3 family in Danbury last week. 

It's a 3BR 2BA home and I was thinking of doing student rentals as it's close to the university and makes sense as a student rental.

Good morning, the following property is up for sale at $250k.  114 S Broadway St, Toledo, IA 52342 | ZillowThe seller has 'described' it as follows:"The property features a new roof and updated electrical work completed two years ago at a cost of $120,000.

Properties close to the wineries and within ten minutes of Ithaca have phenomenal numbers.  

From a negotiating standpoint, you could use the heloc to make a "cash offer" with no financing contingency and still get a mortgage during the process as long as your closing timeline provides the time to do this.

Purchase price: $380,000 Cash invested: $19,648 Sale price: $485,000 Not really a portfolio investment as it currently my personal residence, but I'd still consider it an investment.