I currently have 3.75 on my mortgage rate but If I would get a on HELOC on this Bank my APR would go up to 4.1 percent.

We have a pre-approval from Lending One but they don't do new construction which is what we decided to do this time around.

I first started researching markets in 2015 after I decided to change directions and follow my dream that I have had since 2008 (prior to that I flipped 100+ houses and owned 60ish rentals - all 1-4 family besides a 15 unit and a ski resort).

And why does it happen, step by step, does it goes to a pre-forclosure process correct? 

The seller agreed to drop the price to $71k to accommodate this.We closed on 18-Apr-2017 and have started the  rehab. 

Oops about the headers, they are RATE , APR, POINTS, PAYMENTThank you so much for the wonderful advice...

The purpose of life insurance if to protect your family and assets in the unfortunate event that someone has a pre-mature death.

if you want a pre-approval letter or what i like to call a "investors hunting license" give me a shout! 

The banks are going to want proof of funds from you, or a pre-approval letter if it's going to be financed, and they likely won't allow the contract to be assigned. 

If you want to have real fun look at some of the vacation rental markets in ski towns where the PMs take 40% of gross rents.